United States hits head of Iran's central bank with terror sanctions

US Sanctions Iran Central Bank's Governor and Another Official

US Sanctions Iran Central Bank's Governor and Another Official

All of the sanctioned individuals were designated as global terrorists. The Treasury Division accused the boys of secretly funneling hundreds of thousands of by way of an Iraqi financial institution to assist Hezbollah, the militant community that the USA considers a terrorist group.

"Today, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on the governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hezbollah official, all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) to Hezbollah", the statement said.

The department said the sanctions would not immediately affect central bank transactions.

The United States on Tuesday imposed sanctions on Iran's central bank governor and an Iraq-based bank for "moving millions of dollars" for Iran's elite Revolutionary Guard, as Washington seeks to cut off funding it says Tehran is using to fund militant activities overseas. "The worldwide neighborhood should stay vigilant towards Iran's misleading efforts to supply monetary help to its terrorist proxies". That means that anyone, in any country, who does business with Seif or Tarzali could themselves be punished with sanctions, cutting them off from the United States financial system.

The move against Seif came one week after President Donald Trump withdrew from the Iran nuclear accord and signaled plans to ratchet up pressure on the Iranian economy, and especially on the economic power of the Revolutionary Guards.

Brooke Singman is a Politics Reporter for Fox News.

At the time, the U.S. singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action. In the aftermath of the 2015 worldwide nuclear accord, in which nuclear sanctions on Iran were lifted, Seid was a prominent voice complaining that Iran was still being kept out of the global financial system and not receiving the economic benefits it was promised in exchange for curtailing its nuclear program.

Al-Bilad Islamic Bank and its CEO and chairman, Aras Habib, were also hit with US sanctions, as was Muhammad Qasir, who the Treasury said is a Hezbollah official who has been a "critical conduit" for transferring funds to Hezbollah from the Revolutionary Guards.

Though it's uncommon to sanction central financial institution officers, the USA has carried out it earlier than.

Trump had threatened for more than a year to abandon the deal. And in 2015, the USA focused the governor of Syria's central financial institution.

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