31 Jul '15, 8pm

#Iran deal #offers faint hope for #Iranian-#American #banking woes - #post By #GM @ #london.

NEW YORK - The Iran nuclear pact could eventually help thousands of Iranian-Americans who have struggled with red tape, shuttered accounts, and even criminal prosecution to conduct bank transactions, although relief seems unlikely anytime soon. As Washington tightened sanctions on nearly all trade with Iran in recent years, international banking transfers that most Americans take for granted have become increasingly fraught for the roughly 500,000 U.S.-based Iranian-Americans. Iranian-Americans and their families seeking to send and receive remittances have been hard hit, from students at U.S. universities in need of tuition money from home to Iranian-Americans trying to settle estates of deceased parents in Iran. "My money is there, but I cannot use it here,” said Reza Hedayati, a New York radiologist who has not seen a cent of the proceeds from the recent sale of a famil...

Full article: http://www.todayonline.com/world/iran-deal-offers-faint-h...

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