Banque Worms SA (Wormser)

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In January 2017, the Reserve Bank of India (“RBI”), based on information obtained from the Indian Embassy in Tehran, named Banque Worms SA (“Banque Worms”) as one of a number of international banks with correspondent banking relationships with Iranian banks.  (RBI Website, “FAQs [Names of International banks which have entered into a correspondent banking relationship with Iranian banks],” 1/19/2017). (https://www.rbi.org.in/commonman/english/Scripts/FAQs.aspx?Id=2077)

"May stop Iran trades because of concerns about accessing U.S. dollars." (Benoit Faucon and Sarah McFarlane, "King Dollar Tightens Noose on Iranian Economy," The Wall Street Journal, June 25, 2018.) (https://www.wsj.com/articles/king-dollar-tightens-noose-on-iranian-economy-1529922661)

Several banks have announced since the U.S. JCPOA exit a cessation of transactions with Iran: DZ Bank and Allianz of Germany; Oberbank of Austria; and Banque Wormser Freres of France. (Iran Sanctions) (https://fas.org/sgp/crs/mideast/RS20871.pdf)