United States sanctions Iran central bank governor for terrorist support

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The US Treasury has sanctioned six individuals, including Valiollah Seif, the head of Iran's central bank, over alleged ties to the Islamic Revolutionary Guard Corps (IRGC) and the Hezbollah movement, which Washington considers to be a terrorist group. Seif, whose role is equivalent to the Federal Reserve chairman in the US, oversees major financial decisions in Iran. "The worldwide neighborhood should stay vigilant towards Iran's misleading efforts to supply monetary help to its terrorist proxies".

At the time, the United States singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action.

It said Habib had a history of smuggling money to Iranian-backed Iraqi groups and "enabled the IRGC-QF's exploitation of Iraq's banking sector to move funds from Tehran to Hezbollah, jeopardizing the integrity of the Iraqi financial system".

According to the Treasury's statement, the latest sanctions are a part of US President Donald Trump's "aggressive campaign" against the IRGS and build on the US decision to withdraw from Iran nuclear deal. Secondary sanctions also apply to non-Americans and non-US companies.

Lebanon's Hezbollah, the highly effective Shiite guerrilla power that can also be a outstanding political participant in Lebanon, has lengthy helped perform Iran's worldwide coverage targets within the Arabic-speaking world. Seif often visits Washington to attend conferences of the Worldwide Financial Fund.

In a 2016 assembly of the Council on International Relation in Washington, Seif mentioned Iran achieved "virtually nothing" from the deal.

The blacklisted head of Iraq's Al-Bilad Islamic Bank was named as Aras Habib, who ran in last weekend's general elections as a candidate on the slate of Prime Minister Haidar al-Abadi, whose government has been supported by the United States and the global community.

The Treasury said that Seif undermined the central bank's credibility by routing millions of dollars from the Quds Force, the expeditionary unit of Iran's hardline Revolutionary Guards, to al-Bilad Islamic Bank.

"The United States will not permit Iran's increasingly brazen abuse of the global 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. Most lately, the USA has been involved concerning the position that Hezbollah fighters are taking part in in Syria to assist prop up President Bashar Assad.

Trump had threatened for more than a year to abandon the deal. Hezbollah fought a war with Israel in 2006, and Israeli officials have been deeply concerned about the prospect of another confrontation. And in 2015, the USA focused the governor of Syria's central financial institution.

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