The U.S. Treasury Department on Tuesday blacklisted the head of the Central Bank of Iran, or CBI, marking the second salvo of U.S. sanctions against the Islamic Republic in the week since the U.S. exit from a global nuclear accord. In a statement, the department’s Office of Foreign Assets Control, or OFAC, claimed that CBI governor Valiollah Seif channeled millions of dollars to militant group Hezbollah with the help of an Iraqi lender, al-Bilad Islamic Bank, and its chairman, Aras Habib, who was also designated for his alleged role in the scheme. Seif also worked with Iran’s Quds Force, a...
The near-comprehensive U.S. banking, trade and energy embargo against Iran lifted two years ago by a global nuclear accord will “snap back” into place within six months following President Donald Trump’s decision Tuesday to withdraw from the agreement.
The U.S. Treasury Department announced that new sanctions have been imposed on two Central Bank of Iran officials, Al-Bilad Islamic Bank, an Iraq-based bank, and its chairman for their roles in moving funds for the Islamic Revolutionary Guard Corps-Qods Force to Hezbollah.
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