Published: Wed, May 16, 2018
Money | By Armando Alvarado

U.S. adds head of Iran's central bank to terrorist list, imposes sanctions

U.S. adds head of Iran's central bank to terrorist list, imposes sanctions

The U.S. Treasury Department imposed sanctions Tuesday on Iran's central bank governor and another senior official in the bank for providing support for terrorist activities. Its actions are meant to build on President Trump's decision to withdraw the United States from the Iran Nuclear Deal (the Joint Comprehensive Plan of Action).

The United States slapped sanctions Tuesday on Valiollah Seif, the governor of the Central Bank of Iran, accusing him of helping the country's Revolutionary Guard Corps transfer millions of dollars to Lebanon's Hezbollah.

In the second move in a week taking aim at the money networks of the Revolutionary Guards, or IRGC, the US Treasury also blacklisted another senior official, Ali Tarzali, who works in the central bank's worldwide division.

"The United States will not permit Iran's increasingly brazen abuse of the worldwide financial system", Mnuchin said in a statement Tuesday. "The worldwide neighborhood should stay vigilant towards Iran's misleading efforts to supply monetary help to its terrorist proxies". 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 United States financial system.

Brooke Singman is a Politics Reporter for Fox News. On this case, the USA selected to additionally impose "secondary sanctions", which additionally apply to non-Individuals and non-U.S. firms.

Seif is also under attack inside Iran.

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The Treasury said Seif covertly moved "hundreds of millions of dollars" to "Hezbollah" from the IRGC via Al-Bilad Islamic Bank.

It also blacklisted Ali Tarzali, assistant director of the worldwide department of Iran's central bank, and chairman of Al-Bilad Islamic Bank, Aras Habib.

Seif, a profession banker, grew to become the pinnacle of Iran's Central Financial institution in 2013 underneath President Hassan Rouhani, who shepherded the nuclear deal.

The sanctions targeting Iran's central bank executives are some of the first actions by Trump's administration since pulling out of the deal to start ramping up that economic pressure.

Hezbollah fought a war with Israel in 2006, and Israeli officials have been deeply concerned about the prospect of another confrontation.

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