US imposes sanctions against Iran central bank governor

US imposes sanctions against Iran central bank governor

The Trump administration designated the head of Iran's central bank a terrorist Tuesday, slapping on sanctions meant to further isolate Iran from the global financial system.

The United States escalated its financial pressure on Iran Tuesday by slapping terror sanctions on the head of its central bank and barring anyone around the world from doing business with him.

The new sanctions are part of the administration's efforts to address Tehran's "malign influence" in the region, an effort that, in conjunction with President Donald Trump's decision to remove the USA from the Iran nuclear deal and Monday's controversial opening of the U.S. embassy in Jerusalem, has led to a spike in tensions across the Middle East.

The United States on Tuesday sanctioned Iran's central bank governor Valiollah Seif and Iraq-based Al-Bilad Islamic Bank for trafficking millions of dollars for Iran's Islamic Revolutionary Guard, the second batch of sanctions by the Trump administration since it withdrew from the Iran nuclear deal last week. Officials said they diverted millions on behalf of the Islamic Revolutionary Guard Corps-Qods Force to the Shi'a militant group Hezbollah. "The United States will not permit Iran's increasingly brazen abuse of the worldwide financial system". "The worldwide neighborhood should stay vigilant towards Iran's misleading efforts to supply monetary help to its terrorist proxies". 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.

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Brooke Singman is a Politics Reporter for Fox News.

"Iran's Central Bank Governor covertly funneled millions of dollars on behalf of the IRGC-QF through Iraq-based al-Bilad Islamic Bank to enrich and support the violent and radical agenda of Hizballah", a statement from Treasury Secretary Steve Mnuchin said. On this case, the US selected to additionally impose "secondary sanctions", which additionally apply to non-Individuals and non-U.S. firms. Seif, whose position is equal to the Federal Reserve chairman within the USA, oversees main monetary selections in Iran.

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 Treasury also blacklisted assistant director of the worldwide department of Iran's central bank Ali Tarzali and the chairman of Al-Bilad Islamic Bank Aras Habib. Most recently, the USA has been concerned about the role that Hezbollah fighters are playing in Syria to help prop up President Bashar al-Assad.

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