USA hits head of Iran's central financial institution with terror sanctions

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Still, the USA said it was imposing so-called secondary sanctions on the Iranian bank officials, which could significantly increase Iran's isolation from the global financial system. The U.S. said that the sanctions did not extend to Iran's central bank itself.

Typically, when the US punishes individuals with sanctions, it prohibits Americans or USA companies from doing business with them.

There was no immediate comment Tuesday night from Iranian officials.

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Trump had threatened for more than a year to abandon the deal.

The U.S. also said it is imposing so-called secondary sanctions on Seif, meaning anyone who does business with him could be cut off from the U.S. financial system. On this case, the USA selected to additionally impose "secondary sanctions", which additionally apply to non-Individuals and non-U.S. firms. Iranian media initially reported the choice based mostly on reviews within the worldwide media.

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. Within the aftermath of the 2015 worldwide nuclear accord, through which nuclear sanctions on Iran had been lifted, Seid was a outstanding voice complaining that Iran was nonetheless being saved out of the worldwide monetary system and never receiving the financial advantages it was promised in change for curbing its nuclear program.

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"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.

Treasury Secretary Steven Mnuchin said Seif "covertly funneled" money from Iran's Revolutionary Guards through al-Bliad Islamic Bank in Iraq to help Hezbollah.

At that time, the Department of the Treasury called out Iran's Central Bank for being "complicit in the IRGC-QF's scheme", noting that the financial institution "actively supported this network's currency conversion and enabled its access to funds that it held in its foreign bank accounts". Most lately, the USA has been involved concerning the position that Hezbollah fighters are taking part in in Syria to assist prop up President Bashar Assad.

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