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US Treasury allows dealings with Syrian commercial banks

The Financial Crimes Enforcement Network (FinCEN), an affiliate of the US Treasury Department, has issued an exceptional exemption allowing financial institutions to deal with the Commercial Bank of Syria, open accounts, and transfer funds to and from Syria. In a statement published by the...

Syria hails US lifting of sanctions as ‘positive step’

Syria on Saturday welcomed the formal lifting of sanctions by the United States, calling it a “positive step” that will support the country’s post-war recovery. “The Syrian Arab Republic welcomes the decision from the American government to lift the sanctions imposed on Syria and...