U.S. imposes sanctions against Iran central bank governor

US Sanctions Iran Central Bank's Governor and Another Official

Seif is also under attack inside Iran. "The worldwide neighborhood should stay vigilant towards Iran's misleading efforts to supply monetary help to its terrorist proxies".

Though the sanctions don't technically lengthen to the central financial institution itself, they might considerably improve Iran's isolation from the worldwide monetary system.

The move against Seif came one week after President Donald Trump withdrew from the Iran nuclear accord and signaled plans to ratchet up pressure on the Iranian economy, and especially on the economic power of the Revolutionary Guards. On this case, the USA selected to additionally impose "secondary sanctions", which additionally apply to non-Individuals and non-U.S. firms. That means that anyone, in any country, who does business with Seif or Tarzali could themselves be punished with sanctions, cutting them off from the USA financial system. Seif frequently visits Washington to attend meetings of the International Monetary Fund.

In a 2016 assembly of the Council on International Relation in Washington, Seif mentioned Iran achieved "virtually nothing" from the deal.

IShares Intermediate Credit Bond ETF (CIU) Declines 0.03% for May 14
Investors sold shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) on strength during trading hours on Monday. The CCI technical indicator can be employed to help figure out if a stock is entering overbought or oversold territory.

"Iran's Central Bank Governor covertly funneled millions of dollars on behalf of the IRGC-QF through Iraq-based al-Bilad Islamic Bank to enrich and support the violent and radical agenda of Hizballah", Treasury Secretary Steven T. Mnuchin said in a statement.

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 worldwide community. It accused him of helping the Iranian Revolutionary Guard Corps in transferring millions of dollars to Lebanon's "Hezbollah" group.

"Seif has conspired with the IRGC-QF to move millions of dollars through the global financial system in a variety of foreign currencies to allow the IRGC-QF to fund its activities overseas", the U.S. Treasury Department said in a statement. Most recently, the US has been concerned about the role that Hezbollah fighters are playing in Syria to help prop up President Bashar Assad.

Although it is rare to sanction central bank officials, the USA has done it before. And in 2015, the USA focused the governor of Syria's central financial institution.

Related news:

Hot News

isis-killer-beheading-video-story-top Martial left out of final-day squad amid transfer speculation
May 16, 2018 - 01:48
Reports had emerged that Martial was seen at the ground but drove away from Old Trafford before the match began. He was injured, he was injured in the Friday training session and Saturday couldn't train", Mourinho said.

isis-killer-beheading-video-story-top It's a Mother's Day engagement for Taraji P. Henson
May 16, 2018 - 01:44
Everything is coming together", the star said in an interview on Essence'spodcast " Yes, Girl! ." at the time. Actress Taraji P Henson got a huge surprise on Mother's Day.

isis-killer-beheading-video-story-top Chanel Iman and Sterling Shepard Announce Pregnancy on Mother's Day
May 16, 2018 - 01:42
Iman finally shared a solo snap of her wearing a robe which partially covered her baby bump. Iman and Shepard married in March after becoming engaged just four months earlier.

isis-killer-beheading-video-story-top UAE announces first day of Ramadan 2018
May 16, 2018 - 01:29
The Sultan also urged them to pray for the nation and maximise the benefits and blessings of the holy month. Aside from fasting, the holy month of Ramadan is a month of self-reflection, sharing, caring and giving.

isis-killer-beheading-video-story-top Americans freed by North Korea reunited with families
May 16, 2018 - 01:28
Secretary of State Mike Pompeo in Pyongyang after his China trip, according to the Yomiuri. Xi's offer "may have led to Kim's judgement on denuclearization " when he met with U.S.

isis-killer-beheading-video-story-top Hadary on way to being oldest World Cup player
May 16, 2018 - 01:27
Participating teams have until June 4 to finalize their final 23-man squads for the tournament. Egypt have announced their 29-man preliminary squad for the 2018 World Cup .

Manchester City shot-stopper Ederson pens extension to 2025
May 16, 2018 - 00:14
The top six teams, led by City in record-breaking fashion, all had a goal difference of at least plus 23. The most depressing example was Newcastle playing ultra-defensively at home against City on December 27.

isis-killer-beheading-video-story-top Best senior prank ever? Wisconsin school, police laud graduating jokers
May 15, 2018 - 23:58
The result was a very realistic looking crash scene that had police and even their principal singing the students' praises. Nice work seniors! "If this is the worst thing our kids are going to do, then we're really lucky", he said.

isis-killer-beheading-video-story-top 'I'm only talking to Newcastle': Benitez plays down leaving Magpies
May 15, 2018 - 23:48
After we lost our first two games of the season in the Championship, he urged calm and caution. Supporters chanted " Rafa Benitez , we want you to stay" during the game.

isis-killer-beheading-video-story-top Nobuo Uematsu Joins Final Fantasy VII Remake Development Team
May 15, 2018 - 23:46
Square Enix job listings describe the Final Fantasy VII Remake as "a new creation" that "surpasses the original". Fans who have been eagerly anticipating the FF7 Remake , however, may be disappointed with the release date.

isis-killer-beheading-video-story-top 'Increasing threat' for severe storms in parts of Upstate NY Tuesday
May 15, 2018 - 23:43
The National Weather Service for Boston has provided additional safety tips for people to follow during a potential thunderstorm. On Tuesday , there's a 20 percent chance of showers before 1 p.m., with a high near 78 and a low of about 57.

isis-killer-beheading-video-story-top Significant Movers of Yesterday: Turtle Beach Corporation (HEAR), Alder Biopharmaceuticals Inc. (ALDR)
May 15, 2018 - 23:40
Coming into 2018, the stock was trading at just $1.81, but closed yesterday at $6.94, and is set to open today at $11.31. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

isis-killer-beheading-video-story-top France says will respect WTO decision on Airbus aid
May 15, 2018 - 23:13
The World Trade Organization's final ruling Tuesday paves the way for U.S. President Donald Trump to impose retaliatory sanctions.

isis-killer-beheading-video-story-top OnePlus Announces Attractive OnePlus 6 Launch Offers
May 15, 2018 - 23:12
OnePlus has also partnered with Marvel Studios to launch a OnePlus 6 x Marvel Avengers Limited Edition variant. OnePlus has already opened pre-booking orders for OnePlus 6 on Amazon India from May 13 till May 16.

isis-killer-beheading-video-story-top Under construction flyover collapses in Varanasi, CM expresses grief
May 15, 2018 - 23:09
He said, Uttar Pradesh Government is monitoring the situation very closely and is working on the ground to assist the affected. Local administration was providing emergency services with medical and other teams carrying out rescue work, reported PTI .