On 17 March 2012, following agreement two days earlier between all 27 member states of the Council of the European Union, and the Council's subsequent ruling, the SWIFT electronic banking network, the world hub of electronic financial transactions, disconnected all Iranian banks from its international network that had been identified as institutions in breach of current EU sanctions, and that further Iranian financial institutions could be disconnected from its network.
Pada tanggal 17 Maret 2012, setelah perjanjian dua hari sebelumnya antara semua 27 negara anggota Dewan Uni Eropa, dan keputusan Dewan berikutnya, jaringan perbankan elektronik SWIFT, pusat dunia transaksi keuangan elektronik, memutus semua bank Iran dari internasionalnya jaringan yang telah diidentifikasi sebagai lembaga yang melanggar sanksi UE saat ini, dan bahwa lembaga keuangan Iran selanjutnya dapat diputuskan dari jaringannya.