Friday, 25 May, 2018

US Hits Iranian Central Bank Governor With Terror Sanctions

BREAKING: US sanctions Iran bank chief as a 'global terrorist' who funnels millions to Hezbollah US Hits Iranian Central Bank Governor With Terror Sanctions
Nellie Chapman | 16 May, 2018, 02:52

The new sanctions are part of the administration's efforts to address Tehran's "malign influence" in the region, an effort that, in conjunction with President Donald Trump's decision to remove the USA from the Iran nuclear deal and Monday's controversial opening of the U.S. embassy in Jerusalem, has led to a spike in tensions across the Middle East.

Typically, when the US punishes individuals with sanctions, it prohibits Americans or USA companies from doing business with them. Seif, whose position is equal to the Federal Reserve chairman within the US, oversees main monetary selections in Iran. "The global community must remain vigilant against Iran's deceptive efforts to provide financial support to its terrorist proxies". Secondary sanctions also apply to non-Americans and non-U.S. companies.

Trump had threatened for more than a year to abandon the deal.

Tensions between Washington and Tehran has been running high since US President Donald Trump announced the withdrawal from the Iran nuclear deal and vowed to reinstate all nuclear-related sanctions on Iran.

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

He has helped information Iran's financial system by way of the net of earlier sanctions positioned on that nation. In the aftermath of the 2015 deal, in which nuclear sanctions on Iran were lifted, Seif was a prominent voice complaining that Iran was still being kept out of the global financial system and not receiving the economic benefits it was promised in exchange for curtailing its nuclear program.

The United States slapped sanctions Tuesday on Valiollah Seif, the governor of the Central Bank of Iran, accusing him of helping the country's Revolutionary Guard Corps transfer millions of dollars to Lebanon's Hezbollah.

At the time, the United States singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action.

At that time, the Department of the Treasury called out Iran's Central Bank for being "complicit in the IRGC-QF's scheme", noting that the financial institution "actively supported this network's currency conversion and enabled its access to funds that it held in its foreign bank accounts".