SWIFT to disconnect messaging for some Iranian banks this weekend
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PARIS (Reuters) - SWIFT will disconnect some Iranian banks this weekend, the Belgium-based financial messaging service's chief executive Gottfried Leibbrandt said on Friday, adding it was regrettable.SWIFT said earlier this week that it would suspend the access of some Iranian banks "in the interest of the stability and integrity of the global financial system".SWIFT made no mention at the time of U.S. sanctions as the reason for the decision, which likely reflects the fact that it is caught..