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U.S. Designates Iranian Financial Institution after EU Moves Against Central Bank
By Brian Monroe
printThe U.S. Treasury Department Monday sanctioned Iran's third largest bank hours after the European Union agreed to freeze the assets of the Middle Eastern nation's central bank. The move by the U.S. government against Bank Tejarat and its Minsk, Belarus-based subsidiary, Trade Capital Bank, is intended to cut off "Iran's few remaining access points to the international financial system," said Terrorism and Financial Intelligence Under Secretary David Cohen, in a statement. The banks provided services for blacklisted Iranian financial institutions tied to Iran's alleged nuclear weapons program, the department said. The sanctions are "primarily aimed at foreign financial institutions" and...
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