U.S. Treasury, UAE sanction Iranian currency network connected to Iran's Revolutionary Guard
- 6 years ago
Washington is imposing more sanctions on Iran.
They mainly target a currency network accused of financing a special force designated as a sponsor of terrorism.
Park Hee-jun zooms in on the rapid measures that come just days after it America confirmed its withdrawal from the 2015 Iran nuclear deal. The United States has imposed its first sanctions on nine Iranian individuals and entities,... just days after President Trump's announcement to pull out of the Iran nuclear deal.
The U.S. Treasury Department announced Thursday that it took joint action with the United Arab Emirates against six individuals and three companies,... to "disrupt an extensive currency exchange network" that has funneled millions of U.S. dollars to the Iranian Revolutionary Guard's elite Qods Force-- a group designated by Washington as a supporter of terrorism since 2007.
Treasury Secretary Steven Mnuchin gave a statement,... accusing the Iranian regime and its Central Bank of helping the group access U.S. dollars to use for malign activities such as funding and arming its regional proxy groups.
He called for the international community's joint efforts to combat Iran's efforts to fund what he called "the world's largest state sponsor of terror."
The UAE government has also announced that it will impose sanctions against 9 Iranian individuals and entities.
It did not specify the targets, but American media have reported that they are likely to be the same entities that the U.S. has targeted.
Park Hee-jun, Arirang News.
They mainly target a currency network accused of financing a special force designated as a sponsor of terrorism.
Park Hee-jun zooms in on the rapid measures that come just days after it America confirmed its withdrawal from the 2015 Iran nuclear deal. The United States has imposed its first sanctions on nine Iranian individuals and entities,... just days after President Trump's announcement to pull out of the Iran nuclear deal.
The U.S. Treasury Department announced Thursday that it took joint action with the United Arab Emirates against six individuals and three companies,... to "disrupt an extensive currency exchange network" that has funneled millions of U.S. dollars to the Iranian Revolutionary Guard's elite Qods Force-- a group designated by Washington as a supporter of terrorism since 2007.
Treasury Secretary Steven Mnuchin gave a statement,... accusing the Iranian regime and its Central Bank of helping the group access U.S. dollars to use for malign activities such as funding and arming its regional proxy groups.
He called for the international community's joint efforts to combat Iran's efforts to fund what he called "the world's largest state sponsor of terror."
The UAE government has also announced that it will impose sanctions against 9 Iranian individuals and entities.
It did not specify the targets, but American media have reported that they are likely to be the same entities that the U.S. has targeted.
Park Hee-jun, Arirang News.