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More Evidence of Iran Sanctions Success

Katherine Greenberg — August 5, 2010 – 11:28 am | Foreign Policy | Iran | Terrorism Comments (0) Add a comment

Barclays Plc, Britain’s third largest bank, has been fined $308 million for violating current U.S. sanctions against Iran. Barclays has been forced to comply with U.S. government authorities and conduct an internal review of their practices. This event follows the financial freeze enacted by the U.S. Treasury Department against 21 firms that were identified as front companies for Iran.

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