Friday, October 31, 2014   

US Treasury approved BNP Iran licenses
(06-12 14:04)

US authorities authorized BNP Paribas to operate in Iran earlier in the year, even as they considered penalties against the French bank for earlier breaking an embargo imposed on the country, a Treasury official said.
The US Treasury Department granted the bank two licenses in February and March for transactions in Iran as sanctions were being reduced against the country.
The reductions were the result of November negotiations in Geneva in which Iran and the P5+1 permanent UN Security Council members met over the country's nuclear activities.--AFP
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