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The U.S. Treasury Department's sanctions arm Tuesday blacklisted a Hamburg, Germany-based bank for its alleged ties to four blacklisted Iranian banks. The Office of Foreign Assets Control (OFAC) identified Europaisch-Iranische Handelsbank AG (EIH) as "one of the few remaining European banks actively facilitating business with Iranian banks." The German bank has handled billions of dollars in transactions on behalf blacklisted Iranian financial institutions, the agency said in a statement. At times, the bank has resorted to "deceptive practices," including "actively obscuring" Iran's involvement in transactions, according to the statement. Clients of EIH include Bank Mellat, Persia International Bank, the Export...