WASHINGTON (Sputnik) — Under the terms of the Joint Plan of Comprehensive Action (JCPOA) deal on Iran’s nuclear program, international banks can do business with Tehran, US Secretary of State John Kerry said after meeting with his British counterpart and banking representatives in London on Thursday.
"We want to make it clear that legitimate business, which is clear under the definition of the agreement, is available to banks," Kerry stated. "As long as they do their normal due diligence and know who they’re dealing with, they’re not going to be held to some undefined and inappropriate standard here."
Reports have indicated that European banks are still hesitant to do business with Iran for fear of violating US and international sanctions.
Kerry emphasized that Iran expects the international community to implement its end of the agreement and lift sanctions, including those on banking.