Santander UK and Lloyds deny breaching US sanctions over links to Iranian firms
by Anna Wise
Feb 05, 2024
2 minutes
Lloyds and Santander UK have denied breaching US sanctions after new reports claimed the banks had provided accounts to British holding companies linked to an Iran-backed petrochemicals firm.
Petrochemical Commercial Company (PCC), which is linked to the state, used a web of front companies in the UK (FT).
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