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Weekly Roundup: U.S. Imposes Tough Sanctions Against Iran, India Joins FATF, and More
printThe Iranian government couldn't have been pleased this week. On Thursday, President Obama signed the Comprehensive Iran Sanctions, Accountability and Divestment Act, passing into law one of the most stringent sanctions measures against another country in at least a decade. More Under the measure, which follows a June 9 U.N. Security Council resolution against the Persian country, U.S. banks will have to determine whether the foreign institutions they maintain correspondent accounts with to facilitate Iran's weapons programs or the country's alleged support of terrorist groups. More And while other countries have improved their standing with the Paris-based Financial Action Task...
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