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Secretary of Treasury Department - Levey Emphasizes Duties of Banks in enforcing Iran Sanctions.......
FROM A
DIFFERENT POINT OF VIEW by Monte Friesner
25 September 2010
If you are a compliance officer at any bank in Canada, USA, Europe and yes in Panama & Latin America, and are looking for some indication of how strictly the Treasury Department and Central Banks intend to enforce its Iranian sanctions program, it is strongly suggested that you review Undersecretary of the Treasury Stuart Levey's lecture, delivered this week before the Centre for Strategic and International Studies.
WANTED SA has provided the link below. If there was ever any doubt in your mind that the US and many other countries have adopted a "take no prisoners" approach to Iranian sanctions violators, read the document to get the flavor of the American position. The remarks were published on the Treasury website; heed the warnings.
Treasury Undersecretary for Terrorism and Financial Intelligence Stuart Levey; Remarks at the Centre for Strategic and International Studies, 20 September 2010.*
The facts and opinions stated in this article are those of the author and not those of WANTED SA. WANTED SA does not warrant the accuracy of any facts and opinions stated in this article; does not endorse them, and accepts no responsibility for them.
