Return of the Sanctions: Banks Should Steer Clear of the Central Bank of Iran

May 16, 2018 8:22 pm nationalinterest.org
Return of the Sanctions: Banks Should Steer Clear of the Central Bank of Iran

The U.S. Treasury Department has set its crosshairs on two more Iranian illicit finance schemes. Late last week, Washington designated a network spanning Iran and the United Arab Emirates that had “procured and transferred millions in U.S. dollar-denominated bulk cash” for the Islamic Revolutionary Guard Corps Quds Force (IRGC-QF), according to the Treasury Department’s press statement. On Tuesday,the department revealed another network funneling money through an Iraq-based bank to the…

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