UK and US enhanced sanctions against Iran

On Monday 21 November 2011, the UK and the U.S. adopted unprecedented sanctions against Iran. UK's new sanctions prohibit all transactions and business relationships between UK credit and financial institutions and Iranian banks, while the U.S.  issued Executive Order 13590 sanctioning persons who assist Iran's petrochemical industry, designated Iran as Primary
Money Laundering Concern, and designated more persons and entities.

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