US Treasury Sanctions Top Officials At Central Bank Of Iran

BREAKING: US sanctions Iran bank chief as a 'global terrorist' who funnels millions to Hezbollah

President Donald Trump withdrew the United States from the Iran Nuclear deal (JCPOA) last week and reimposed sanctions on Iran.

The Treasury Department named Valiollah Seif a "specially designated global terrorist" who is being accused of helping transfer millions of dollars to Hezbollah, the Iran-backed militant group. He argued it failed to address Iran's activities beyond its nuclear pursuits, such as its support for groups like Hezbollah, which is considered a terrorist organization by the U.S.

Seif is also under attack inside Iran.

"The United States will not permit Iran's increasingly brazen abuse of the worldwide financial system". Earlier this year, the Trump administration slapped sanctions on the deputy governor of Russia's central bank, Alexander Torshin.

Last week, the White House issued a statement condemning Iran's Revolutionary Guard Corps. These Western "onerous currencies" might then be used to fund extremist parts, comparable to in Lebanon and Syria.

Washington's Tuesday announcement is the second in less than one week targeting Iran.

Iran has promised to ramp up its nuclear program if the deal collapses, though many feel as though the deal has done little to diminish Iran's nuclear efforts anyway. Add that trump intends to immediately impose sanctions against any foreign companies that will do business with Iran.

Sometimes, when the US punishes people with sanctions, it prohibits Individuals or USA firms from doing enterprise with them. Seif and Tarzali are also being hit with secondary sanctions under Iranian Financial Sanctions Regulations (IFSR).

Despite Tarzali and Seif's designations, the Central Bank of Iran itself remains unsanctioned, according to the department. Seif often visits Washington to attend conferences of the Worldwide Financial Fund.

He has helped guide Iran's economy through the web of previous sanctions placed on that country.

In a 2016 meeting of the Council on Foreign Relation in Washington, Seif said Iran achieved "almost nothing" from the deal.

The US Treasury's Office of Foreign Assets Control announced sanctions against Valiollah Seif, Iran's central bank governor, and Ali Tarzali, the assistant director of the global department at the central bank of Iran.

The U.S. Treasury is also imposing sanctions on the Iraq bank and its chairman. US officials were reaching out Tuesday to central banks in other countries in the Middle East and Europe to inform them of the sanctions and encourage them to immediately freeze assets the bank has overseas.

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