Iran General NewsIranian bank denies U.S. charge it is a weapons...

Iranian bank denies U.S. charge it is a weapons proliferator

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Reuters: Iran’s state-owned Bank Sepah on Wednesday denied U.S. charges it was helping the country to acquire nuclear weapons and threatened unspecified legal action, an Iranian news agency said. TEHRAN (Reuters) – Iran’s state-owned Bank Sepah on Wednesday denied U.S. charges it was helping the country to acquire nuclear weapons and threatened unspecified legal action, an Iranian news agency said.

The U.S. Treasury Department named Bank Sepah on Tuesday as a proliferator of weapons of mass destruction, banning U.S. companies or citizens from doing business with it and blocking any of its assets that come under U.S. jurisdiction.

“While denying all the lies we consider it as right that in the near future we will take up the case through legal channels,” the bank said in a statement carried by the semi-official Fars news agency. It did not specify what legal action it would take.

“Definitely the decision made by U.S. officials has a political background and is part of a bigger scenario,” it said, adding that it would continue serving its customers.

Iranian officials have already dismissed the U.S. move and said it would not stop their activities. Iran says it is pursuing nuclear energy for purely peaceful purposes while Western countries say they suspect the world’s fourth biggest oil exporter is seeking to acquire nuclear weapons.

The news agency said Bank Sepah had reduced its trade in dollars in the last month, but did not elaborate.

Bankers say most international banks have used euros or other currencies for transfers to Iran for some time rather than dollars due to pressure from Washington.

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