US sanctions Iran central bank governor for terrorist support

US sanctions Iran central bank governor for terrorist support

US Treasury Secretary Steven Mnuchin accused Seif of assisting in funnelling millions of US dollars on behalf of the Quds Force to support Hezbollah.

"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". Washington is also unhappy with Tehran's support of organizations such as Hezbollah.

The US said that the sanctions on Seif did not extend to Iran's central bank itself.

The point of these sanctions is to make it even more hard for the global banking community to do business with Iran without threatened punishment from the US.

Typically, when the USA punishes individuals with sanctions, it prohibits Americans or United States companies from doing business with them.

The U.S. said it would also sanction Seif; they are secondary sanctions, which means if someone does business with him, they could be cut off from the U.S. financial system, the Associated Press pointed out.


"The United States will not permit Iran's increasingly brazen abuse of the global financial system".

The United States on Tuesday designated the head of Iran's central bank a "specially designated global terrorist".

Iran has described the sanctions as illegal and has warned that if talks to rescue the accord fail, it would ramp up its nuclear program to a level more advanced than before. USA officers had been reaching out Tuesday to central banks in different nations within the Middle East and Europe to tell them of the sanctions and encourage them to right away freeze belongings the financial institution has overseas.

Lebanon's Hezbollah, the powerful Shiite guerrilla force that is also a prominent political player in Lebanon, has long helped carry out Iran's foreign policy objectives in the Arabic-speaking world. Most lately, the US has been involved concerning the position that Hezbollah fighters are taking part in in Syria to assist prop up President Bashar Assad.

Though it's uncommon to sanction central financial institution officers, the US has carried out it earlier than. These are part of a Trump administration Treasury campaign against the IRGC. Earlier this yr, the Trump administration slapped sanctions on the deputy governor of Russia's central financial institution, Alexander Torshin. And in 2015, the US targeted the governor of Syria's central bank.

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