The world's biggest electronic payment system will Saturday cut off Iranian banks blacklisted by the European Union in an attempt to further strangle Tehran's ability to finance a nuclear programme.
Belgium-based Society for Worldwide Interbank Financial Telecommunication (SWIFT), which facilitates the bulk of global cross-border payments, said it would disconnect designated Iranian financial firms from its messaging system today at 1600 GMT after European regulators ordered the company to do so.
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