Treasury orders UK banks to cut ties with Iran

[xchrom]

http://uk.reuters.com/article/2011/11/21/uk-britain-iran-idUKTRE7AK17Y20111121

(Reuters) - The government imposed new financial sanctions on Iran on Monday, ordering all UK financial institutions to stop doing business with their Iranian counterparts and with the central bank of Iran, the Treasury said.

It said the sanctions were in response to the International Atomic Energy Agency's (IAEA) latest report on Iran, which highlighted further concerns about the possible military dimensions of Iran's nuclear programme.

Chancellor George Osborne said Iran's actions posed a serious threat to national security and the action was being taken in coordination with other countries.

"This follows the International Atomic Energy Agency's report uncovering evidence of Iran's development of nuclear weapons technology. It is also a response to calls from the Financial Action Task Force for countries to strengthen safeguards to protect their financial sectors from money laundering and financing of terrorism risks emanating from Iran.



*** we order folk not to do business w/ iran -- the leave the back door, side doors and upstairs windows wide open so they do even MORE business.

[nineteen50]

1. We are headed down that neo-con road again. This time with

Iran instead of Iraq.