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Treasury Dept. imposes sanctions on Iran Central Bank governor
16 May 2018, 02:53 | Joann Bryant
US Hits Iranian Central Bank Governor With Terror Sanctions
The United States has classified Lebanon's Hezbollah resistance movement as a terrorist group.
Al-Bilad Islamic Bank and its CEO and chairman, Aras Habib, were also hit with USA sanctions, as was Muhammad Qasir, who the Treasury said is a Hezbollah official who has been a "critical conduit" for transferring funds to Hezbollah from the Revolutionary Guards. "Iran's Islamic Revolutionary Guard Corps bears full responsibility for the consequences of its reckless actions, and we call on the IRGC and its militant proxies, including Hezbollah, to take no further provocative steps". OFAC considers these individuals and entities as either terrorist actors or supporters of terrorism, categorizing them as specially designated global terrorists (SDGTs).
"The United States will not permit Iran's increasingly brazen abuse of the worldwide financial system", Treasury Secretary Steven Mnuchin said.
At the time, the U.S. singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action.
The US escalated its monetary strain on Iran Tuesday by slapping terror sanctions on the pinnacle of its central financial institution and barring anybody all over the world from doing enterprise with him, underscoring President Donald Trump's onerous line after his withdrawal from the Iranian nuclear accord upset European allies. According to the Treasury, the anti-Iran sanctions cuts off Tehran's use of critical banking network.
Beginning on August 7, the United States will impose sanctions "on the purchase or acquisition of U.S. dollars banknotes by the government of Iran", the U.S. Treasury Department said.
Seif, as the central bank's governor, has helped guide Iran's economy through the web of sanctions in place on that country.
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. Most recently, the US has been concerned about the role that Hezbollah fighters are playing in Syria to help prop up President Bashar al-Assad.
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He also wanted to examine "the mechanisms that led to some cases of cover-up and the grave omissions concerning victims". Karadima was found guilty and sacked for abusing dozens of minors over a decades-long period beginning in the 1980s.