Germany investigates report of bank aiding Iran
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Germany's financial market watchdog is investigating a report that an Iranian-owned bank in Germany is helping the Islamic Republic do business linked to its nuclear program, the government said on Monday.
According to the Wall Street Journal, the European-Iranian Trade Bank AG -- called EIH Bank in Germany -- has done more than one billion dollars' worth of business for Iranian firms, including some blacklisted by the United Nations, the United States and the European Union. Germany's Finance Ministry said the central bank and financial market watchdog BaFin were investigating the matter. (Reuters)
