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Wire: US Warns HK Banks against Funding Iranian Oil & Other Illegal Deals
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A delegation from the US Treasury Department met with representatives from some Hong Kong banks in April, warning the industry not to assist Iran in transporting oil to China, Bloomberg reported, citing sources. Representatives from HSBC HOLDINGS (00005.HK), STANCHART (02888.HK) and BOC HONG KONG (02388.HK) were present at the meeting, sources divulged. These banks were urged to take action to reduce the flow of funds supporting Iranian oil exports and other illegal transactions, to identify the ultimate beneficiaries of shell companies, and to flag suspicious transactions conducted in non-USD currencies. AASTOCKS Financial News URL: www.aastocks.com |
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