Tag Archives | Bank of Ireland

Irish Banks claim Difficulties in Trade with Iran

Two major Irish banks confirmed on Tuesday that restrictions on processing Iranian money are still in place despite a lasting nuclear between Tehran and world powers. AIB (Allied Irish Banks) and Bank of Ireland announced that they still face difficulties in working with Iranian banks, saying that the restrictions could see Ireland lose ground to […]

Bank of Ireland to Retain Banking Restrictions on Iran

By John Lee. The Irish Independent reports that the Bank of Ireland will not be removing its restrictions on Iranian-related banking transactions despite the recent lifting of sanctions. In a statement, the bank said it adheres to EU, HM Treasury, United Nations and US Department of the Treasury’s Office of Foreign Assets Control Financial Sanctions […]