May 21, 2018

United States adds head of Iran's central bank to terrorist list, imposes sanctions

16 May 2018, 02:56 | Melvin Schneider

Merkel on Iran Deal We Experienced Setback in EU Relations With US

President Donald Trump meets with German Chancellor Angela Merkel in the Oval Office of the White House Friday

The U.S. sanctioned nine Iranian citizens and companies on Thursday for allegedly operating a currency exchange network that - with the help of Iran's central bank - transferred millions of U.S. dollars on behalf of the Quds force.

US Treasury Secretary Steven Mnuchin said on Tuesday Seif covertly moved millions of dollars on behalf of the IRGC through Al-Bilad bank "to enrich and support the violent and radical agenda of Hezbollah".

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. "Iran's Islamic Revolutionary Guard Corps bears full responsibility for the consequences of its reckless actions, and we call on the IRGC and its militant proxies, including Hezbollah, to take no further provocative steps".

Valiollah Seif, the governor of the Iranian central financial institution, was named a "specifically designated global terrorist" together with one other senior official, Ali Tarzali, who works within the central financial institution's worldwide division.

"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.

The moves come as Trump's administration, after deeming the 2015 nuclear deal insufficiently tough on Iran, seeks to construct a global coalition to place enough pressure on Tehran that it comes back to the negotiating table to strike a "better deal".

Joe Hart left out of England's World Cup squad by Gareth Southgate
We know these players and we believe that, in the long term, some of them can be world class players. Joe Hart has reportedly been told he won't be part of England's 23 man World Cup squad.

Tom Wolfe, author of The Right Stuff dies at 88
His first novel, Bonfire of the Vanities , arrived in 1987, skewering the excesses of the money-hungry 1980s. He went on to write " The Right Stuff " about the Mercury space program.

The Newest American Addition to the Royal Wedding
He said: "I'm always nervous at weddings because it is such an important day for the couple - whoever they are". Michael Curry, the head of the Episcopal Church, Will Probably be part of the nuptials at Windsor Castle.

The sanctions against Seif and Tarzali do not, however, extend to the Central Bank of Iran.

The exact ramifications of the sanctions for Iran's economy were not immediately clear.

At the time, the USA singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action. The Iraqi bank and its chairman also are being punished with sanctions.

With this, the Treasury Department is trying to clamp down on Iran's ability "to abuse the USA and regional financial systems".

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

Other News

Trending Now

Scientists discover massive black hole- and it's getting bigger
Apart from absorbing gases, it would have emanated all kinds of radiations that would have made life on Earth impossible. The ultraviolet and x-ray light now appears as infrared, making it possible for the researchers to detect the quasar .

Who Is Netta Barzilai, The Israeli Singer Who Won Eurovision 2018?
This controversial day in the Israeli calendar marks the date that the whole of Jerusalem was brought under Israeli rule. Whether that upbeat, defiant message can keep politics out of next year's contest in Jerusalem is another story.

Sunny Monday expected, possible thunderstorms in the evening
Sunday, covering Atlantic , Cape May , Cumberland and Ocean counties, as well as Burlington, Camden, Gloucester, Salem and more . New rainfall amounts between a tenth and quarter of an inch, except higher amounts possible in thunderstorms.

10-part Michael Jordan documentary coming to Netflix
In 2006, Jordan became a part-owner of the then-Charlotte Bobcats, before purchasing a controlling stake in 2010. The multi-part 10-hour documentary will be released next year and will be titled " The Last Dance ".