In a blunt statement directed to that segment of the global financial community that facilitates international trade, a senior US official warned this week that banks that assist Iran in its acquisition of dual-use (controlled) technology face the possibility of "Legal Risks." Whilst we do not know precisely what such a term means, as it was not further clarified, the risk of regulatory sanctions, or even criminal indictment for providing financial support for terrorism are the probable intent of that statement.

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