February 22, 2012 | Quote
International Bank Clearinghouse Ready to Evict Iranian Finance Institutions
“If SWIFT follows through on its public commitment to ban Iranian banks, it could sever the Iranian regime’s financial lifeline,” said Mark Dubowitz, an Iran sanctions expert advising the Obama administration. “It would also be a significant political embarrassment for the regime: Iran would be the first country in SWIFT’s history to be expelled from what is the financial equivalent of the United Nations.”