US says foreign financial institutions doing business with Iran may be sanctioned without notice
The US Treasury Department says it is alerting foreign financial institutions that continue to do business with Iran or its financial sector to let them know that they may be sanctioned by Washington without advance notice.
“Foreign financial institutions continuing to transact with sanctioned Iranian financial institutions could be targeted at any time without advance notification and should take immediate action to terminate such activity and relationships,” the Treasury Department says in its alert.
Reference Link:- https://www.timesofisrael.com/liveblog_entry/us-says-foreign-financial-institutions-doing-business-with-iran-may-be-sanctioned-without-notice/
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
