UANI Applauds BCP, Swiss Bank, for Pulling Out of Iran

FOR IMMEDIATE RELEASE November 22, 2011 Contact: Nathan Carleton, press@uani.com Phone: (212) 554-3296 UANI Applauds BCP, Swiss Bank, for Pulling Out of Iran New York, NY - On Tuesday, United Against Nuclear Iran (UANI) applauded the Swiss bank, Banque de Commerce et de Placements SA (BCP), for ending its business in Iran and cutting off its ties with Iranian entities. BCP had previously been conducting business in Iran in conjunction with international banks. BCP recently contacted UANI concerning its listing on UANI's Iranian Business Registry (IBR). UANI then began discussions with BCP, in which BCP stated that it would no longer do business in Iran, and also assured UANI that its decision included the provision of correspondent banking services to all Iranian banks, including ones located outside of Iran that are either on the Treasury Specially Designated Nationals (TSDN) List and/or the Financial Crimes Enforcement Network (FECN) List. UANI accepts BCP's pledge, and will note the bank as withdrawn from Iran on the IBR. Said UANI President, Ambassador Mark D. Wallace: BCP has made the right decision in pulling out of Iran. Any bank or business that continues to do business in Iran does so at the risk of working with an Iranian Central Bank that is a known and designated money launderer. Financial institutions that continue to work in Iran are wrongly supporting the Iranian regime, and run the risk of violating the laws of several jurisdictions. ### United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. The prospect of a nuclear-armed Iran should concern every American and be unacceptable to the community of nations. Since 1979 the Iranian regime, most recently under President Mahmoud Ahmadinejad's leadership, has demonstrated increasingly threatening behavior and rhetoric toward the US and the West. Iran continues to defy the International Atomic Energy Agency (IAEA) and the United Nations in their attempts to monitor its nuclear activities. A number of Arab states have warned that Iran's development of nuclear weapons poses a threat to Middle East stability and could provoke a regional nuclear arms race. In short, the prospect of a nuclear armed Iran is a danger to world peace. United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons. UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons. The Objectives of United Against a Nuclear Iran Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad; Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world; Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran; Lay the groundwork for effective US policies in coordination with European and other allies; Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and; Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures. UANI is led by an advisory board of outstanding national figures representing all sectors of our country.

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