Germany tightens cash transfer rules as Iran seeks funds
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Germany's central bank is changing its terms and conditions to provide for deeper scrutiny of cash transfers, a move that comes as Iran seeks to repatriate cash held in a Hamburg-based bank and the US presses allies to get tough on Tehran.
Iran wants to bring home 300 million euros ($353 million) it has in the European-Iranian Trade Bank ahead of new US sanctions. German authorities have been examining the request.
