Banking's SWIFT says ready to block Iran transactions (Reuters)

[unable to retrieve full-text content]Reuters - Belgium-based SWIFT, which provides banks with a system for moving funds around the world, bowed to international pressure on Friday and said it was ready to block Iranian banks from using its network to transfer money.

Source: http://us.rd.yahoo.com/dailynews/rss/iran/*http%3A//news.yahoo.com/s/nm/20120217/ts_nm/us_iran_sanctions_swift

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