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U.S. Treasury Will Reportedly Designate Iran a ‘Money Laundering Concern’
printThe U.S. Treasury Department will designate Iran a "primary money laundering concern" on Monday, according to published reports. The designation will not include formal sanctions against Iran's central bank, Bank Markazi, on the grounds the Obama administration believes that would cause turmoil in the oil markets, according to a story by the Wall Street Journal. Further sanctions against Iran, including against Bank Markazi, have been the subject of several hearings and the thrust of an amendment introduced last week by Sen. Mark Kirk (R-IL). The Kirk bill has the support of a number of legislators from both parties. The U.K....
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