US Hits Iranian Central Bank Governor With Terror Sanctions

U.S. labels Iran’s central bank leader a terrorist following withdrawal from nuclear deal

U.S. labels Iran’s central bank leader a terrorist following withdrawal from nuclear deal

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.

The U.S. Treasury Department also issued economic sanctions against another top official, in addition to Seif.

In the second move in a week taking aim at the money networks of the Revolutionary Guards, or IRGC, the US Treasury also blacklisted another senior official, Ali Tarzali, who works in the central bank's worldwide division.

The blacklisted head of Iraq's Al-Bilad Islamic Bank was named as Aras Habib, who ran in last weekend's general elections as a candidate on the slate of Prime Minister Haidar al-Abadi, whose government has been supported by the United States and the global community.

Iran says new sanctions imposed on it by Washington are an attempt to derail efforts to save the 2015 nuclear deal by its remaining signatories following the USA withdrawal from the accord. The European members of the deal are attempting to maintain it alive with out the U.S. But it is unclear that will likely be workable, as a result of Trump has vowed to punish European firms that proceed doing enterprise with Iran regardless of re-imposed U.S. sanctions.

For firms already operating in Iran, there is a period of 3 to 6 months to end the business, otherwise they will be denied access to the U.S. market.

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The sanctions were expected to be followed by additional USA actions in the coming weeks, as the Trump administration works to dismantle the main banking conduits exploited by Iran and its Revolutionary Guards to convert Iranian rials into euros or dollars.

"The US won't allow Iran's more and more brazen abuse of the worldwide monetary system", Treasury Secretary Steven Mnuchin mentioned. "The global community must remain vigilant against Iran's deceptive efforts to provide financial support to its terrorist proxies", Mnuchin said. Those funds were then used to "enrich and support the violent and radical agenda of Hezbollah", Treasury said. That means anyone who does business with him could be cut off from the United States financial system.

On Thursday, the Treasury announced sanctions against a "large scale" currency exchange network serving the Revolutionary Guards, hitting six individuals and three companies at the center of the network.

Iran's foreign minister had said last week that the nation will not renegotiate the 2015 Iran nuclear deal.

President Donald Trump recently took the USA out of the nuclear deal with Iran in part because of the country's suspected funding of regional terrorist groups.

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