U.S. sanctions Iran central bank governor for terrorist support

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

The U.S. also sanctioned a Hezbollah official, Muhammad Qasir, whom the Treasury Department accused of working with Iran's Islamic Revolutionary Guards Corps-Quds Force to transfer funds to the Lebanese militant group.

The Treasury said Seif covertly moved "hundreds of millions of dollars" to Hezbollah from IRGC via Al-Bilad Islamic Bank.

The U.S. Treasury Department imposed sanctions Tuesday on Iran's central bank governor and another senior official in the bank for providing support for terrorist activities.

The U.S. Treasury also blacklisted Ali Tarzali, assistant director of the worldwide department of Iran's central bank, and the chairman of Al-Bilad Islamic Bank, Aras Habib.

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The sanctions against Seif and Tarzali do not, however, extend to the Central Bank of Iran. According to him, the actions of the head of the Central Bank of Iran to undermine the credibility of the entire banking system of this country.

"The United States will not permit Iran's increasingly brazen abuse of the worldwide financial system", Mnuchin said in a statement Tuesday.

Seif is also under attack inside Iran.

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. "The global community must remain vigilant against Iran's deceptive efforts to provide financial support to its terrorist proxies", Secretary of the Treasury Steven Mnuchin asserted.

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This is already the second batch of US' anti-Iranian sanctions since Trump's announcement on the pullout from the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Actions (JCPOA).

The move comes a week after U.S. President Donald Trump announced that the United States was pulling out of the nuclear deal between Tehran and world powers. USA officials were reaching out Tuesday to central banks in other countries in the Middle East and Europe to inform them of the sanctions and encourage them to immediately freeze assets the bank has overseas.

Trump had threatened for more than a year to abandon the deal. Most lately, the US has been involved concerning the position that Hezbollah fighters are taking part in in Syria to assist prop up President Bashar Assad. And in 2015, the USA targeted the governor of Syria's central bank.

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