Monday, 24 September, 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
Deanna Wagner | 16 May, 2018, 09:48

Tuesday, The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on multiple entities labeled as terrorists, "all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) to Hizballah".

The Treasury said Seif covertly moved "hundreds of millions of dollars" to "Hezbollah" from the IRGC via Al-Bilad Islamic Bank.

On may 8 the President of the United States Donald trump announced the withdrawal from the agreement on Iran's nuclear program and has announced new sanctions against the Iranian regime. That means that anyone, in any country, who does business with Seif or Tarzali could themselves be punished with sanctions, cutting them off from the United States financial system.

"The US won't allow Iran's more and more brazen abuse of the worldwide monetary system", Treasury Secretary Steven Mnuchin mentioned.

The OFAC also blacklisted Al-Bilad Islamic Bank in Iraq and its chairman, Aras Habib, saying he helped the IRGC-QF to move funds from Tehran to Hizballah.

Seif is also under attack inside Iran.

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Although the sanctions do not technically extend to the central bank itself, they could significantly increase Iran's isolation from the global financial system.

"The United States will not permit Iran's increasingly brazen abuse of the global financial system", said US Treasury Secretary Steven Mnuchin.

"A senior Bank official of Iran has helped...the financing of terrorist groups such as Hezbollah, the USA will deter the increasingly brazen abuse of Iran to the worldwide financial system", - quotes Bloomberg Mnuchin.

Earlier this month, Iranian President Hassan Rouhani said in a live broadcast that if President Trump follows through with his promise to pull out of the Iran nuclear deal, the United States "will surely regret it".

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 global coverage targets within the Arabic-speaking world.

Although it is rare to sanction central bank officials, the US has done it before. The sanctions concentrating on Iran's central financial institution executives are among the first actions by Trump's administration since pulling out of the deal to begin ramping up that financial strain.