US Hits Iranian Central Bank Governor With Terror Sanctions

President Donald Trump meets with German Chancellor Angela Merkel in the Oval Office of the White House Friday

President Donald Trump meets with German Chancellor Angela Merkel in the Oval Office of the White House Friday

The United States designated the head of Iran's central bank as a terrorist on Tuesday, accusing him of funneling money to Hezbollah, the Iran-backed militant group.

Though the sanctions don't technically lengthen to the central financial institution itself, they might considerably improve Iran's isolation from the worldwide monetary system.

The new sanctions target Iranian, Syrian, and Iraqi nationals, including "the governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key [Hezbollah] official", who stand accused of moving "millions of dollars on behalf of the [Islamic Revolutionary Guard Corps-Quds Force] and [Hezbollah]".

More news: Israel wins Eurovision Song Contest for fourth time

The action comes a week after President Donald Trump announced that the USA was pulling out of the Iran nuclear deal and reimposing sanctions that were in place before the 2015 agreement.

According to the Treasury's statement, the latest sanctions are a part of US President Donald Trump's "aggressive campaign" against the IRGS and build on the US decision to withdraw from Iran nuclear deal.

"The United States will not permit Iran's increasingly brazen abuse of the global financial system", Mnuchin said in a statement Tuesday. "The global community must remain vigilant against Iran's deceptive efforts to provide financial support to its terrorist proxies", Secretary of the Treasury Steven Mnuchin asserted.

More news: Death Of Keeven Robinson, Black Louisiana Man In Police Custody, Ruled Homicide

In announcing his plan to abandon the Iran nuclear deal last week, President Donald Trump said he planned to reintroduce the highest level of economic pressure on the Iranian regime - an indication that Tuesday's sanctions are likely just the tip of the iceberg as the administration works to tighten the vice on Tehran.

The US says it's also imposing so-called secondary sanctions on Seif. These funds had been then used to "enrich and help the violent and radical agenda of Hezbollah", Treasury mentioned.

The Treasury issued the sanctions against Central Bank governor Valiollah Seif and assistant director Ali Tarzali.

More news: Facebook suspends 200 apps for misusing data, privacy probe continues

At the time, the U.S. singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action. Most lately, the USA has been involved concerning the position that Hezbollah fighters are taking part in in Syria to assist prop up President Bashar Assad.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.