United States sanctions Iran central bank governor for terrorist support

United States sanctions Iran central bank governor for terrorist support

Valiollah Seif, the governor of the Iranian central bank, was named a "specially designated global terrorist" along with another senior official, Ali Tarzali, who works in the central bank's worldwide division.

Seif is also under attack inside Iran.

"OFAC is designating Valiollah Seif, Iran's Central Bank Governor, for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, the IRGC-QF", read a portion of the Treasury's statement on new sanctions.

"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.

"The United States will not permit Iran's increasingly brazen abuse of the global financial system", said US Treasury Secretary Steven Mnuchin.

Tuesday's action seeks to cut off what the USA called a "critical" banking network for Iran and deny those blacklisted access to the global financial system.

Iran's foreign minister had said last week that the nation will not renegotiate the 2015 Iran nuclear deal.

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WASHINGTON-The United States designated the head of Iran's central bank as a terrorist on Tuesday and barred anyone around the world from doing business with him, escalating financial pressure on Iran in the wake of U.S. President Donald Trump's withdrawal from the nuclear deal.

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. Seif and Tarzali are also being hit with secondary sanctions under Iranian Financial Sanctions Regulations (IFSR).

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 OFAC also blacklisted Al-Bilad Islamic Bank in Iraq and its chairman, Aras Habib, saying he helped the IRGC-QF to move funds from Tehran to Hizballah.

Lebanon's Hezbollah, the highly effective Shiite guerrilla power that can also be a outstanding political participant in Lebanon, has lengthy helped perform Iran's worldwide coverage targets within the Arabic-speaking world.

The sanctions had been anticipated to be adopted by extra U.S actions within the coming weeks, because the Trump administration works to dismantle the principle banking conduits exploited by Iran and its Revolutionary Guards to transform Iranian rials into euros or .

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