US Senate panel tries to drag world banking system into anti-Iran crusade

posted by
February 2, 2012
New York Times    
Posted in News

"The Senate Banking Committee unanimously approved a new regimen of anti-Iran sanctions on Thursday that would for the first time threaten to punish the global financial telecommunications network that nearly all banks rely on to conduct their daily business. ... Expulsion from the network -- the Society for Worldwide Interbank Financial Telecommunication, known as Swift -- would deny to Iran many billions of dollars in revenue from abroad that is routinely routed into its domestic banking system." (02/02/12)  

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