File photo of a banner for Noor Islamic Bank hanging on a building behind Sheikh Zayed Road in Dubai

 
File photo of a banner for Noor Islamic Bank hanging on a building behind Sheikh Zayed Road in Dubai
A banner for Noor Islamic Bank hangs on a building behind Sheikh Zayed Road in Dubai, in this November 29, 2009 file photo. The U.S. Treasury Department has disrupted a Dubai-based banking operation that the United States believes was Iran's main conduit for evading international sanctions and processing oil sales, the Wall Street Journal reported. It said the targeted institution was Noor Islamic Bank. The bank agreed in December to close off what people briefed on the operation characterised as Iran's single largest channel for repatriating foreign-currency oil receipts, the WSJ said. REUTERS/Steve Crisp/Files (UNITED ARAB EMIRATES - Tags: BUSINESS)