US Moves To Strangle Iranian Efforts To Secure Hundreds Of Millions Of Dollars To Fund Its Troubling Military Activities

 

Via Daily Caller:

The U.S. Department of the Treasury imposed new sanctions on Iran Thursday, just two days after President Donald Trump announced that the U.S. is withdrawing from the Iran deal.

Treasury’s Office of Foreign Assets Control blacklisted nine Iranian entities — six individuals and three firms — involved in an illegal currency-exchange network in the United Arab Emirates. Network exchangers and couriers converted and transferred hundreds of millions of U.S. dollars to the Iranian Revolutionary Guard Corps (IRGC), specifically the Quds Force (IRGC-QF), a recognized supporter of international terrorism, to “fund its malign activities and regional proxy groups,” the department said in a statement. Iran’s Central Bank is said to have been “complicit in the IRGC-QF’s scheme and actively supported this network’s currency conversion and enabled its access to funds that it held in its foreign bank accounts.”

 

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Author: Mike T

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