Swiss bank BCP halts all new businesses with Iran

LONDON, May 29 (Reuters): Swiss lender Banque de Commerce et de Placements (BCP) has suspended new transactions with Iran and is winding down activities with the country after US President Donald Trump's pullout from the nuclear deal with Tehran, the bank said on Tuesday.

"We have suspended any new transaction related to Iran after May 8, 2018 and started the 'wind down period' within the framework of OFAC announcement," the bank said in a emailed statement to Reuters, referring to the US Treasury's sanctions enforcement arm.