Baku, Azerbaijan, June 5
By Leman Zeynalova – Trend:
Swiss lender Banque de Commerce et de Placements (BCP) has totally suspended its transactions in Iran, BCP told Trend.
“There is absolutely no uncertainty with that respect. Our Bank’s position is very clear : BCP complies with Swiss, US, EU and International sanctions while conducting its business; we have totally suspended any new transaction related to Iran after May 8, 2018 and started the “wind down period” within the framework of announcement of the Office of Foreign Assets Control (OFAC) of the US Department of Treasury (activities involving Iran that were consistent with the US sanctions relief specified in the Joint Comprehensive Plan of Action),” said the bank.
Further, BCP said it has established long-term relationships in Central Asia, including Azerbaijan, and pursues its activities in the region in compliance with the above-mentioned position while conducting its business.
Earlier, Iran’s semi-official Fars news agency quoted an “informed governmental source” as saying the bank has resumed cooperation with Iran.
BCP suspended transactions with Iran after the US President Donald Trump’s pullout from the nuclear deal on May 8, the source said, adding that the bank resumed cooperation with Iranian companies from May 25.
Currently Iranian oil companies can transfer money via cooperation with BCP, the source said.
Trump’s withdrawal from the accord on May 8 was announced in tandem with the re-imposition of US sanctions within 180 days, prompting several European companies to announce their exit from Iran.
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