Afghanistan closes Iran-linked bank due to ‘grave violations’

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Mon, 2019-05-20 23:53

KABUL: Kabul has revoked the license of the Iran-linked Arian Bank due to “grave violations,” a spokesman for Afghanistan’s Central Bank told Arab News on Monday.

The move was not linked to US sanctions on Iran, Aimal Ashoor added. The Central Bank convened a meeting recently to review the activities of foreign banks, he said.

The cancelation of Arian Bank’s operating license follows that of Pakistan-based Habib Bank, he added.