SWIFT can be hit with US sanctions if it provides services to Iran

U.S. Treasury Secretary Steven Mnuchin said on Friday that Belgian-based financial messaging service SWIFT could be hit with U.S. sanctions if it provides services to Iranian financial institutions that Washington blacklists.

"SWIFT is no different than any other entity," Mnuchin told reporters on a conference call. "We have advised SWIFT that it must disconnect any Iranian financial institutions that we designate as soon as technologically feasible to avoid sanctions exposure."