ISNA � Senior manager of Middle East Bank for Compliance and Anti-Money Laundering department, Farzaneh Rajaei-Salmasi explained details of removing four Iranian banks and financial institutions from US secondary sanctions list.

In an interview with ISNA news agency, Farzaneh Rajaei-Salmasi confirmed that four Iranian banks and financial institutions were removed from US secondary sanctions list, saying, �On November 5, US Treasury Department re-imposed secondary sanctions on a number of Iranian banks�.

Mentioning to the removing four Iranian banks and financial institutions from US secondary sanctions list, she added, �The U.S. Treasury Department's Office of Foreign Assets Control released a sanctions update on Nov. 8, lifting secondary sanctions on three Iranian banks.�

The US removed �Middle East�, �Hekmat Iranian�, �Qarz Al-Hasaneh Mehr Iran� banks and �Credit Institute for Development� from the secondary sanctions list.

In other words, US lifted the �subject to secondary sanctions� tag from these Iranian banks and financial institutions.

Currently there are 11 to 12 Iranian banks which are not on the US secondary sanctions list and enable to connect to SWIFT, the primary system for international transactions.