Weekly Roundup: EU Weighs Sanctions on Bank Tejarat, Switzerland Eyes Letting its FIU Share Information, and More

The European Union is weighing whether it should place sanctions on Bank Tejarat, the last major Iranian bank financing large-volume trade in the region, Bloomberg said Thursday. A decision is expected to be announced following a Jan. 23 meeting in Brussels. Some EU officials are opposed to the sanctions on the grounds that an asset freeze would affect diplomatic missions in the Middle Eastern nation. More India announced that it will continue to purchase oil from Iran, reported Tuesday, citing Foreign Secretary Ranjan Mathai. The country adheres to United Nations sanctions but not those of individual nations, Mathai said....