US Treasury, UAE sanction Iran money exchange network
Friday, May 11, 2018 | Tag Cloud Tags: EU, Iran, News, Washington, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – The US Treasury on Thursday said it had sanctioned six individuals and three entities accused of funneling “hundreds of millions” of dollars to the Iranian Revolutionary Guard’s elite Al Quds Force (IRGC-QF).
In Washington, Treasury Secretary Steven T. Mnuchin accused “the Iranian regime and its Central Bank” of misusing banking access in the UAE to acquire US dollars to fund the IRGC-QF’s “malign activities, and to arm its “regional proxy groups.”
They had concealed the acquisition of funds and transfers, Mnuchin asserted, adding that the treasury was acting with the UAE. [ Source: Deutche Welle (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.