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Britain
British Central Bank Moves To Freeze Iranian Assets
2007-03-26
Teheran, 26 March (AKI) - The Bank of England has asked the country's banks to freeze all accounts and funds belonging to Iranian individuals and institutions named in United Nations Security Council Resolution 1747 - unanimously voted on Saturday and imposing new sanctions against Iran for its refusal to stop enriching uranium. The assets of Iran's state-owned Sepah Bank, which has its main overseas branch in London, and is suspected of being the main bank used by Iran's atomic entity, the Saman industrial group, and the Kavoshhyar and Energy Novin companies - all with operations in Britain - are named by Resolution 1747.
Either the British are using the UN resolution to enforce the UN sanctions, using the UN resolution to pressure Iran to release their soldiers, or Iran knew Britian would freeze their bank account, so they grabbed to Brits to put pressure on Britian to un-freeze their account. Or none of the above.
Sepah Bank also has a branch in the Italian capital, Rome, which on Monday was still open for business and carrying out financial transactions. Resolution 1747 includes a ban on all Iranian weapons exports - going beyond sanctions imposed last December that focused on the twin issues of nuclear weapons and missile development. It also targets the assets of 28 individuals and entities.
Posted by:Steve

#2  Or UK banks could subject the Iranians to the same standard of customer service they regularly impose on their customers.
Posted by: Excalibur   2007-03-26 13:57  

#1  
I suggest that the Brits charge silly banking fees or limit withdrawals to $500 as a punitive measure.
Posted by: Master of Obvious   2007-03-26 13:00  

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