Newly approved legislation imposing a raft of fresh sanctions on Russia, North Korea and Iran will afford the U.S. Treasury much greater insight into the financial activity of Iran's powerful security force. Last week the U.S. Congress voted nearly unanimously for the Countering America's Adversaries Through Sanctions Act, which President Donald Trump has pledged to sign into law despite his expressed misgivings about some of the bill's provisions. Among other things the far-reaching legislation requires the U.S. president to blacklist Iran's Revolutionary Guard Corps, or IRGC, and its domestic and foreign affiliates pursuant to Executive Order 13224 for supporting terrorist...
House lawmakers on Thursday criticized the U.S. Treasury Department's apparent reluctance to ban the provision of dollar accounts to European and Asian banks they say are likely serving blacklisted Iranians.
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