U.S. sanctions Iran central bank governor for terrorist support

Darnell Taylor
May 16, 2018

Beginning Aug. 7, the US will impose sanctions on the purchase or acquisition of USA dollar banknotes by Iran's government, the Treasury Department said.

The actions are the latest targeting officials in Tehran after President TrumpDonald John TrumpAvenatti defends right to release Cohen's financial info Pruitt's 24/7 security requested over fears of Trump policy backlash Senate GOP anger over McCain insult grows MORE declared last week that the US would withdraw from the Obama-era nuclear deal between Iran and several global leaders and reimpose sanctions on the Islamic Republic.

Typically, when the US punishes individuals with sanctions, it prohibits Americans or USA companies from doing business with them.

There was no quick remark Tuesday evening from Iranian officers.

The U.S. actions send an ominous warning to European capitals, still reeling from Trump's withdrawal from the deal the U.S., Iran and world powers struck in 2015.

The U.S. also said it is imposing so-called secondary sanctions on Seif, meaning anyone who does business with him could be cut off from the U.S. financial system. Iranian media initially reported the choice based mostly on reviews within the global media. On this case, the US selected to additionally impose "secondary sanctions", which additionally apply to non-Individuals and non-U.S. firms.

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In the second move in a week taking aim at the money networks of the Revolutionary Guards, or IRGC, the US Treasury also blacklisted another senior official, Ali Tarzali, who works in the central bank's global division.

"It is appalling, but not surprising, that Iran's senior-most banking official would conspire with the IRGC-QF to facilitate funding of terror groups like Hizballah, and it undermines any credibility he could claim in protecting the integrity of the institution as a central bank governor", Treasury Secretary Steven Mnuchin said.

The Trump administration announced new sanctions Tuesday on leaders at Iran's central bank and an Iraq bank chairman who are accused of illegally funneling millions of dollars to an Islamic militant group.

Al-Bilad Islamic Financial institution and its CEO and chairman, Aras Habib, had been additionally hit with US sanctions, as was Muhammad Qasir, who the Treasury mentioned is a Hezbollah official who has been a "important conduit" for transferring funds to Hezbollah from the Revolutionary Guards.

Seif, as the central bank's governor, has helped guide Iran's economy through the web of sanctions in place on that country.

Lebanon's Hezbollah, the highly effective Shiite guerrilla power that can also be a outstanding political participant in Lebanon, has lengthy helped perform Iran's worldwide coverage targets within the Arabic-speaking world.

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