U.N. Expected to Expand Sanctions Against Iran Soon, U.S. Treasury Officials Say

By Brian Orsak

The United Nations is set to pass sanctions that will further restrict financial dealings with Iranian banks and individuals, according to Stuart Levey, the U.S. Treasury Department undersecretary for terrorism and financial intelligence. The U.N. proposed sanctions complement a U.S. effort to cut off international financial interaction with a country it views as "the central banker of terror," Levey said Wednesday at a U.S. Senate Banking Committee hearing. U.S. officials, who have been pushing for stronger international sanctions, met with foreign finance officials from several countries and more than 40 banks during the past nine months to persuade them to...