Sanctions confusion leaves European banks wary of Iran business - FT.com:
"European banks will be wary about conducting new business in Iran even after many international sanctions are lifted, European executives and officials have warned — potentially limiting the economic benefits Iran will receive from its landmark nuclear deal with world powers.
Still stinging from fines levied by US regulators for breaching the old sanctions regime, many European financial institutions are worried about falling foul of the US sanctions laws that will remain in place.
The reluctance of European banks to conduct Iran-related business could complicate implementation of the nuclear deal, creating a potential source of friction with Iran and also between Europe and the US."
'via Blog this'
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