The U.S. Treasury Department on Tuesday blacklisted the head of the Central Bank of Iran, or CBI, marking the second salvo of U.S. sanctions against the Islamic Republic in the week since the U.S. exit from a global nuclear accord.
The U.S. Treasury Department on Tuesday blacklisted nine Iranian, Russian and Syrian individuals and firms for their alleged involvement in a global oil-smuggling and financing ring.
Increasingly restrictive U.S. sanctions against Iran will expose financial institutions with clients or operations in the Middle East to more frequent and sophisticated attempts to circumvent the embargo, sources told ACAMS moneylaundering.com.
The White House plans to use a presidential decree issued in the wake of the Sept. 11 attacks more expansively against the leaders, recruits and financial facilitators of any group deemed a terrorist organizations by the U.S.