U.S. hits head of Iran's central financial institution with terror sanctions

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With this, the Treasury Department is trying to clamp down on Iran's ability "to abuse the US and regional financial systems". "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.

The statement said the designations "do not extend" to the Central Bank of Iran.

Sometimes, when the USA punishes people with sanctions, it prohibits Individuals or US firms from doing enterprise with them.

There was no immediate comment Tuesday night from Iranian officials. The sanctions concentrating on Iran's central financial institution executives are among the first actions by Trump's administration since pulling out of the deal to begin ramping up that financial strain. Iranian media initially reported the choice based mostly on reviews within the worldwide media.

Tensions between Washington and Tehran has been running high since US President Donald Trump announced the withdrawal from the Iran nuclear deal and vowed to reinstate all nuclear-related sanctions on Iran. Still, the USA said it was imposing "secondary sanctions" on the Iranian bank officials, which could significantly increase Iran's isolation from the global financial system. That signifies that anybody, in any nation, who does enterprise with Seif or Tarzali might themselves be punished with sanctions, reducing them off from the USA monetary system.


Iranian Foreign Minister Javad Zarif leaves after a meeting with European Union foreign policy chief Federica Mogherini in Brussels on Tuesday.

Seif is also under attack inside Iran.

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

The United States on Tuesday sanctioned Iran's central bank governor Valiollah Seif and Iraq-based Al-Bilad Islamic Bank for trafficking millions of dollars for Iran's Islamic Revolutionary Guard, the second batch of sanctions by the Trump administration since it withdrew from the Iran nuclear deal last week. Most recently, the USA 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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