U.S. Sanctions Against Iran Would Open Some Banks to Civil Suits, Say Analysts

By Brian Orsak

The Bush administration is expected to sanction Iran's top military arm, a move that would open international banks that do business with the organization to civil lawsuits, according to analysts. The designation would officially block all or part of Iran's 125,000-strong Revolutionary Guard Corps, the country's elite military unit, from dealing with U.S. financial institutions, according to reports in the Associated Press and the Washington Post, which both cited U.S. officials familiar with the matter. The sanction would be the first against a state-run military arm, and would likely fall under an executive order signed by President Bush shortly after...