The Obama administration on Monday will name Iran, including its central bank, as a territory of “primary money laundering concern,” say senior U.S. officials, in an effort to further pressure Tehran after recent disclosures about its alleged role in terrorism and nuclear weapons proliferation.
The U.S. Treasury Department won’t formally sanction Iran’s central bank, Bank Markazi, as many Republican and Democratic lawmakers are demanding.
But U.S. officials said this new action would serve as a warning to governments and businesses in Europe, Asia and Latin America to wind down their ties to Bank Markazi and their purchases of Iranian crude oil, as even tougher actions likely will be coming down the road.
Read it all.
(WSJ) U.S. Will Take Further Steps to Isolate Iran
The Obama administration on Monday will name Iran, including its central bank, as a territory of “primary money laundering concern,” say senior U.S. officials, in an effort to further pressure Tehran after recent disclosures about its alleged role in terrorism and nuclear weapons proliferation.
The U.S. Treasury Department won’t formally sanction Iran’s central bank, Bank Markazi, as many Republican and Democratic lawmakers are demanding.
But U.S. officials said this new action would serve as a warning to governments and businesses in Europe, Asia and Latin America to wind down their ties to Bank Markazi and their purchases of Iranian crude oil, as even tougher actions likely will be coming down the road.
Read it all.