U.S. imposes sanctions against Iran central bank governor

U.S. imposes sanctions against Iran central bank governor

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.

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"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.

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