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Interbank Messenger Asks U.S. to Withhold Further Iran Sanctions
By Colby Adams
printRepresentatives of the world's primary financial messaging platform are lobbying U.S. lawmakers to abstain from blacklisting additional Iranian banks in future and pending legislation, say congressional sources. The Society for Worldwide Interbank Financial Telecommunications, or Swift, has asked House and Senate staffers not to name specific institutions in the Iran Threat Reduction Act, a measure approved by senators in May and expected to reach the president's desk by the end of the summer, according to a House staffer. The bill, which doesn't currently include language that would sanction additional banks, would require the White House to periodically identify organizations that...
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