Browse related articlesUS cracks down on Bahrain bank
Bahrain: Thursday, March 13 - 2008 at 06:49
The US has announced financial sanctions against a Bahrain bank it alleges is controlled by Iran's Bank Melli, which has been accused of providing support to Iran's nuclear programme, reported AP. The Treasury Department's action on Wednesday targets Future Bank BSC. Any bank accounts or other financial assets found in the US belonging to the bank must be frozen. Americans also are prohibited from doing business with the bank. Future Bank was established in 2004 as a joint venture between two Iranian state-owned banks - Bank Melli and Bank Saderat - and a private bank based in Bahrain, the department said.
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Jeff Florian, Senior ReporterThursday, March 13 - 2008 at 06:49 UAE local time (GMT+4)
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