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Germany revokes the license of the “Bank Saderat Iran” branch in Hamburg and orders its liquidation
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WHAT TO KNOW
Ad-Diyar: Germany’s financial supervisory authority announced today, Thursday, that it had revoked the license of the “Bank Saderat Iran” branch in Hamburg and ordered its liquidation, following the imposition of sanctions. The revocation is the latest measure taken against an Iranian bank, after Germany’s financial supervisory authority announced bankruptcy last September…
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