Financial Times FT.com

Probe widened on US banking violation

By Joanna Chung in New York

Published: January 11 2009 23:31 | Last updated: January 11 2009 23:31

A US investigation into potential sanctions violations has expanded to involve nine European banks.

Authorities suspect that some of the money transferred through the American banking system might have been used to finance Iran’s nuclear and missile programmes.

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