US Sanctions Iran's Central Bank Governor, Alleges Hezbollah Ties

ImageValiollah Seif the governor of Iran's central bank at the Council on Foreign Relations in Washington D.C.

Seif is the governor of the Iranian central bank.

The U.S. Treasury Department also issued economic sanctions against another top official, in addition to Seif.

The Treasury Department said it had imposed sanctions on Valiollah Seif, the bank's current governor, and another senior official, Ali Tarzali, the assistant director of the bank's worldwide department, labeling them both as "specially designated global terrorists".

Valiollah Seif, the head of Iran's Central Bank, allegedly sent money to the IRGC-QF via the Iraq-based al-Bilad Islamic Bank to support Hezbollah's "violent and radical agenda".

"The United States will not permit Iran's increasingly brazen abuse of the worldwide financial system", Treasury Secretary Steven MnuchinSteven Terner MnuchinTrump offers hope for peace in recorded remarks at US Embassy opening in Jerusalem The Hill's Morning Report - Sponsored by CVS Health - Trump makes history with foreign policy decisions The Hill's Morning Report - Sponsored by FICO - Paul Ryan's rough ride MORE said in a statement.

Tuesday's action cutting off a critical banking network for Iran followed disruption of a currency network last week that is associated with IRGC-QF.

Paolo Guerrero suspension upheld and extended
Guerrero will now be banned for 14 months — an "appropriate sanction.in light of Mr. Guerrero's degree of fault" — until January, the court said in a statement .

The United States has imposed sanctions on the governor of Iran's central bank, accusing him of providing support for terrorist activities. The Iraqi bank and its chairman also are being punished with sanctions.

Though the sanctions don't technically lengthen to the central financial institution itself, they might considerably improve Iran's isolation from the worldwide monetary system. 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 USA financial system. These secondary sanctions affect individuals' ability to open or maintain a correspondent or a payable-through account in the United States. USA officers had been reaching out Tuesday to central banks in different nations within the Middle East and Europe to tell them of the sanctions and encourage them to right away freeze belongings the financial institution has overseas.

It also blacklisted Ali Tarzali, assistant director of the global department of Iran's central bank, and chairman of Al-Bilad Islamic Bank, Aras Habib.

President Trump in April said Iran would pay a "price" if it threatens the U.S.

Lebanon's Hezbollah, the powerful Shiite guerrilla force that is also a prominent political player in Lebanon, has long helped carry out Iran's foreign policy objectives in the Arabic-speaking world.

Related News:

  • Child Found, Mother Arrested After Tulsa Police Issue Amber Alert

    Child Found, Mother Arrested After Tulsa Police Issue Amber Alert

    Anybody with information about Taheerah Ahmad's or Hafsa's whereabout is asked to immediately call police at 918-596-COPS (2677). An Amber Alert has been issued for the 7-year-old woman, who police described as carrying a peach-colored, ankle-length costume.
    Facebook Removed 2.5 Million Pieces of Hate Speech in the First Quarter

    Facebook Removed 2.5 Million Pieces of Hate Speech in the First Quarter

    During that period, Facebook removed 583 million fake accounts and 836 million spam posts, images, videos and comments. Facebook released its Community Standards Enforcement Report to showcase what the company done to protect its users.
    Lawmakers Increase 2018 Budget By N508bn

    Lawmakers Increase 2018 Budget By N508bn

    The delay had prompted President Muhammadu Buhari to issue a deadline to heads of all MDAs to defend their budgets unfailingly. Also, the budget has just been laid before the House of Representatives by the Appropriations Committee.
  • 'Bohemian Rhapsody' - Trailer for new Queen biopic drama film released

    'Bohemian Rhapsody' - Trailer for new Queen biopic drama film released

    The other actors who will play a key role in the flick include- Gwilym Lee, Ben Hardy and Lucy Boynton. Bohemian Rhapsody will be released in theatres on November 1.

    GAN's (LON:GAN) Buy Rating Reiterated at Liberum Capital

    Also, the number of hedge funds holding Choicepoint Inc in top ten stock positions was flat from 2 to 2 for the same number. Finally, JPMorgan Chase reiterated a "neutral" rating on shares of Victrex in a report on Tuesday. (NASDAQ:NNBR).
    North Dakota Joins Lawsuit Against Drug Maker Purdue Pharma

    North Dakota Joins Lawsuit Against Drug Maker Purdue Pharma

    Also, Nevada and the other litigating states continue to engage in ongoing settlement discussions with Purdue and other companies. In a statement, Connecticut-based Purdue Pharma denied the claims and said the company will defend itself.
  • SPOILERS** WWE Monday Night RAW 5.14.18 From London

    SPOILERS** WWE Monday Night RAW 5.14.18 From London

    The assault was enough to make Mahal unable to compete in the main event for a spot in the Money in the Bank Ladder Match. Braun Strowman and Finn Balor teamed up in the third tag team contest on WWE Raw against Dolph Ziggler and Drew McIntyre.
    California Solar Forecast Bumped By 14% Over 4 Years By Solar Mandate

    California Solar Forecast Bumped By 14% Over 4 Years By Solar Mandate

    The minimum amount of solar power required by the new standards wouldn't be enough to meet all the needs of most homes. Under the plan, some new homes, including those located under shade, will be exempt from having solar panels.
    Democrats Mark Warner, Heidi Heitkamp to back Gina Haspel

    Democrats Mark Warner, Heidi Heitkamp to back Gina Haspel

    As you know, Senators Feinstein, Wyden, and Heinrich have joined Senator Warner in calling the level of declassification on Ms. Her specific role in the program remains classified. "Her refusal to acknowledge torture's immorality is disqualifying". "Ms.
  • Australian astronomers find black hole as big as 20 billion suns

    Australian astronomers find black hole as big as 20 billion suns

    What started as the size of about 20 billion suns has grown one percent every million years, into the cosmic behemoth we know now. As supermassive black holes like these grow, the shadows of other objects can be spotted in front of them.
    Bestselling author Tom Wolfe dies in NY

    Bestselling author Tom Wolfe dies in NY

    New York Governor Andrew Cuomo said on Tuesday that Wolfe's "wry wit and sharp observations defined an era of life in New York ". Writer Joseph Epstein wrote in The New Republic: "As a titlist of flamboyance, he is without peer in the Western world".
    Putin drives truck across new bridge linking annexed Crimea to Russia

    Putin drives truck across new bridge linking annexed Crimea to Russia

    Russian Federation annexed Crimea from Ukraine in 2014, drawing sanctions and prompting a deterioration in ties with the West. The United States said the bridge opening was an attempt to solidify Moscow's "unlawful seizure" of the Ukrainian territory.


Most liked

Packers Not Expected To Sign Dez Bryant
- Not that it should come as much of a shock, but the chances that Dez Bryant ends up in Green Bay took a hit on Tuesday. Bryant will likely have to keep looking for a new team as opportunities continue to dwindle throughout the offseason.

Manchester City earn record-breaking farewell for Yaya with 3-1 win
But their game is not all about strangling and picking off the other team, it's much more positive than that. With English records tumbling, Europe offers the final frontier for Guardiola's history makers.

Project Maven: Nearly a dozen Google employees have reportedly quit in protest
However, the employees in the San Francisco Bay Area have condemned Google's decision of getting into the "business of war". It means that a drone would be able to pick out a known terrorist in a crowd and centre any attack on that area.

Who Is Thomas Markle? Meghan Markle's Dad Bails on Royal Wedding
But TMZ said Markle Sr had "now decided not to go because he doesn't want to embarrass the royal family or his daughter". She said , 'Can I say yes? "This was his decision entirely", a source tells ET of the bride-to-be's father .

I don't think I would fit in 'Race' family, says Salman Khan
Everyone has been treated equally in the film. "I don't like the kind of exposing (skin show) franchise is known for". But Salman had stated the reason for the delay in one of his tweet when he said they weren't ready with the trailer.

Scotland rejects key Brexit bill sparking fears of constitutional crisis
However even if Holyrood votes to refuse consent, Westminster can still go ahead and introduce the legislation anyway. Tomkins insisted the UK Government had moved to "accommodate fair concerns raised by all parties in Scotland".

Former Premier League defender Jlloyd Samuel dies in auto crash
Manchester United's Ashley Young remembered how Samuel had "taken him under his wing" when he started out at Aston Villa . The driver of the van, a 54-year-old man, has also sustained serious injuries and is now being treated in hospital.

Muqtada al-Sadr Alliance Wins Elections in Iraq
Sadr has led two uprisings against US forces in Iraq and is one of the few Shiite leaders to distance himself from Iran . It may be Abadi, Reuters reports, who has signaled a willingness to work with Sadr to form a working government.

Facebook suspends 200 apps over possible data misuse
They also indicated they would study the company's response to their questions as they weighed up what to do next. This illustration picture taken on April 19, 2018 in Paris shows the tablet and smartphone app for Facebook.

Ronaldo, Carvajal back in full Real Madrid training
Messi told TyC Sports on Tuesday that "it would be awful , for all that Ney means to Barcelona ". I never set out to be the best, second best, third or fourth.

Next Chelsea manager: Newcastle boss Rafa Benitez discusses Blues target
But Newcastle fans have heard it all before. "I think it is different because you are talking about the league", he said. The season also ended on a high at St James', with Rafa Benitez' men beating top-four chasing Chelsea 3-0.

Maroons star Cameron Smith quits weeks before Origin opener
Smith has won two NRL premierships with the Storm. "Well played Cam Smith - True professional & leader both on and off the field". His exit coincides with the representative retirements of Johnathan Thurston and Cooper Cronk, which were announced a year ago .

Keyless Cars May Be Causing Deaths, According To New Report
In addition to the more than 28 people who have died due to the ignition issues, more than 45 have been injured. But a wireless key opens the possibility for a driver to exit a vehicle with the key without turning it off.

Golf champ's wife attacked him after he bombed at tournament
She told deputies her mother-in-law attacked her, but she insisted "everything was fine", the report said. Police arrived to a residence rented by the Glovers on Saturday night due to a disturbance 911 call.

Google adds new gestures and pairing features to Pixel Buds
The update rolls out beginning today and should be available to most users by early next week. There was no way to skip tracks without summoning the Google Assistant, for instance.