USA names Iran's central bank head 'specially designated global terrorist'

BREAKING: US sanctions Iran bank chief as a 'global terrorist' who funnels millions to Hezbollah

BREAKING: US sanctions Iran bank chief as a 'global terrorist' who funnels millions to Hezbollah

The U.S. Treasury is also imposing sanctions on the Iraq bank and its chairman.

President Donald Trump recently took the US out of the nuclear deal with Iran in part because of the country's suspected funding of regional terrorist groups. Washington is also unhappy with Tehran's support of organizations such as Hezbollah.

Putting a central bank governor on the list of terrorists because of banking activities is all but unheard of. Trump called the deal unfair and doubted that it would limit the nuclear ambitions of Tehran.

"The United States will not permit Iran's increasingly brazen abuse of the worldwide financial system", Treasury Secretary Steven MnuchinSteven Terner MnuchinTrump offers hope for peace in recorded remarks at US Embassy opening in Jerusalem The Hill's Morning Report - Sponsored by CVS Health - Trump makes history with foreign policy decisions The Hill's Morning Report - Sponsored by FICO - Paul Ryan's rough ride MORE said in a statement.

Sometimes, when the US punishes people with sanctions, it prohibits Individuals or USA firms from doing enterprise with them.

"The United States will not permit Iran's increasingly brazen abuse of the global financial system".

"The Iranian regime's deployment into Syria of offensive rocket and missile systems aimed at Israel is an unacceptable and highly unsafe development for the entire Middle East", the statement said.

Iran has described the sanctions as illegal and has warned that if talks to rescue the accord fail, it would ramp up its nuclear program to a level more advanced than before. That signifies that anybody, in any nation, who does enterprise with Seif or Tarzali might themselves be punished with sanctions, reducing them off from the US monetary system. "The global community must remain vigilant against Iran's deceptive efforts to provide financial support to its terrorist proxies", Mnuchin said on Tuesday.

Bank governor Valiollah Seif is accused of allowing funds to be transferred to Lebanon's Hezbollah movement from Iran's central bank, with Iraq's al-Bilad Islamic Bank acting as an intermediary.

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 global coverage targets within the Arabic-speaking world. These are part of a Trump administration Treasury campaign against the IRGC. Most lately, the US has been involved concerning the position that Hezbollah fighters are taking part in in Syria to assist prop up President Bashar Assad.

Although it is rare to sanction central bank officials, the US has done it before. Earlier this yr, the Trump administration slapped sanctions on the deputy governor of Russia's central financial institution, Alexander Torshin.

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