U.S. Treasury Ramps Up Sanctions on Iran

(U.S. Treasury Department) Sigal Mandelker - The Iranian regime is wreaking havoc on the Middle East and beyond. Iran continues to pursue ballistic missile capabilities in defiance of UN Security Council Resolution 2231. Iran finances and supports Hizbullah, Hamas, and the Taliban, as well as Bahraini, Iraqi, Syrian, and Yemeni militant groups. The President's Iran strategy focuses on far more than just the nuclear deal. It is a broad and comprehensive strategy to counter Iran's support for terrorism, ballistic missile development, and human rights abuses. Over the last 10 months, the Office of Foreign Assets Control (OFAC) has issued seven tranches of sanctions, designating 72 targets in China, Iran, Lebanon and Ukraine in connection with the IRGC, Iran's ballistic missile program, support for terrorism, and human rights abuses. And we are continuing to ramp up the economic pressure on Iran's illicit networks using all of the tools and authorities at our disposal. The President also authorized us to take additional action against the IRGC's officials, agents, and affiliates later this month. We will continue to aggressively target other organs of state power in Iran that foment instability and support terrorism. U.S. Treasury Undersecretary for Terrorism and Financial Intelligence Sigal Mandelker, a child of Holocaust survivors, addressed AIPAC on Oct. 16, 2017.

2017-10-19 00:00:00

Full Article


Visit the Daily Alert Archive