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U.S. sanctions Iran currency network after Trump pulls out of nuclear deal
Published in The Egyptian Gazette on 10 - 05 - 2018

WASHINGTON, May 10, 2018 (News Wires) - The U.S. Treasury imposed sanctions on Thursday against six individuals and three companies it said had funneled millions of dollars to the Iranian Revolutionary Guard's elite Qods Force, just days after President Donald Trump withdrew from the landmark 2015 Iran nuclear deal.
The Treasury Department said it was acting with the United Arab Emirates to disrupt the network and accused Iran's central bank of actively helping the group to access U.S. dollars held in foreign bank.
"The Iranian regime and its Central Bank have abused access to entities in the UAE to acquire U.S. dollars to fund the IRGC-QF's malign activities, including to fund and arm its regional proxy groups, by concealing the purpose for which the U.S. dollars were acquired," Mnuchin said in a statement.
The six individuals and three entities were sanctioned under U.S. regulations targeting specially designated global terrorist suspects and Iranian financial activity, the Treasury said.


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