BREAKING: US slams head of Iran’s central bank with terror sanctions
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WASHINGTON (AP) — The United States designated the head of Iran’s central bank as a terrorist and barred anyone around the world from doing business with him, escalating financial pressure on Iran in the wake of President Donald Trump’s withdrawal from the nuclear deal.
Valiollah Seif, the governor of the Iranian central bank, was named a “specially designated global terrorist” along with another senior official, Ali Tarzali, who works in the central bank’s international division. The Treasury Department accused the men of secretly funneling millions of dollars through an Iraqi bank to help Hezbollah, the Iran-backed militant network that the U.S. considers a terrorist group.
The article goes on to state the following:
The moves come as Trump’s administration, after deeming the 2015 nuclear deal insufficiently tough on Iran, seeks to construct a global coalition to place enough pressure on Tehran that it comes back to the negotiating table to strike a “better deal.” The sanctions targeting Iran’s central bank executives are some of the first actions by Trump’s administration since pulling out of the deal to start ramping up that economic pressure.
“The United States will not permit Iran’s increasingly brazen abuse of the international financial system,” Treasury Secretary Steven Mnuchin said. “The global community must remain vigilant against Iran’s deceptive efforts to provide financial support to its terrorist proxies.”
The exact ramifications of the sanctions for Iran’s economy were not immediately clear. The U.S. said that the sanctions did not extend to Iran’s central bank itself. Still, the U.S. said it was imposing so-called secondary sanctions on the Iranian bank officials, which could significantly increase Iran’s isolation from the global financial system.
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BREAKING: US designates head of Iran’s central bank as a terrorist, accuses him of funneling millions to Hezbollah.
— The Associated Press (@AP) May 15, 2018
Treasury targets Iran’s Central Bank Governor and an Iraqi bank moving millions of dollars for the IRGC-Qods Force to enrich and support the violent and radical agenda of Hizballah. https://t.co/sNqpV2QmKO
— Treasury Department (@USTreasury) May 15, 2018
New Iran sanctions just out: Treasury targets Iran’s Central Bank Governor, senior CBI banking official, Iraqi Bank and Hezbollah official moving millions of dollars for IRGC-Quds Force.
— Mark Dubowitz (@mdubowitz) May 15, 2018
— FOX Business (@FoxBusiness) May 15, 2018
List of individuals & an entity added to US sanctions list today:#Iran Central Bank chief Valiollah Seif
Ali Tarzali, Central Bank asst. director of the int’l dept.
Aras Habib Kareem, Sec. Gen of Iraq National Congress
Mohamed Qoseir, a Lebanese national#Iraq‘s Bank Albilad pic.twitter.com/qpjEapZNIA
— Heshmat Alavi (@HeshmatAlavi) May 15, 2018
.@USTreasury slaps sanctions on Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hezbollah official, all of whom have moved millions of dollars on behalf of the Qods Force to Hezbollah.
— Mark Knoller (@markknoller) May 15, 2018
U.S. Treasury designates the head of Iran’s Central Bank as a terrorist and says he has funneled millions of dollars to Hezbollah.
— Negar (@NegarMortazavi) May 15, 2018
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