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Friday, 10 February 2012

gulfnews : Banks curb services for Iranians

UAE banks have started applying stringent restrictions on banking services to non-resident Iranians and businesses owned by them, bankers told Gulf News yesterday.
Banks are quietly turning away Iranian customers for fear of violating any international sanctions that could invite penalties for them in the US and Europe.
A leading bank has issued an internal memo to staff to seek prior permission from the top management for offering banking services to non-resident Iranians including salary earners.