Reuters - Swiss lender Banque de Commerce et de Placements (BCP) has suspended new transactions with Iran and is winding down activities with the country after U.S. President Donald Trump�s pullout from the nuclear deal with Tehran, the bank said on Tuesday.

�We have suspended any new transaction related to Iran after May 8, 2018 and started the �wind down period� within the framework of OFAC announcement,� the bank said in a emailed statement to Reuters, referring to the U.S. Treasury�s sanctions enforcement arm.

Trump�s withdrawal from the accord on May 8 was announced in tandem with the re-imposition of U.S. sanctions within 180 days, prompting several European companies to announce their exit from Iran. (Reporting by Jonathan Saul; Editing by Adrian Croft)