WASHINGTON (Reuters) - U.S. President Barack Obama signed an executive order on Monday imposing new, stricter sanctions on Iran and its central bank, saying a broader asset freeze was necessary because Iranian banks were concealing transactions.
"I have determined that additional sanctions are warranted, particularly in light of the deceptive practices of the Central Bank of Iran and other Iranian banks to conceal transactions of sanctioned parties, the deficiencies in Iran's anti-money laundering regime and the weaknesses in its implementation, and the continuing and unacceptable risk posed to the international financial system by Iran's activities," Obama said in a letter to Congress.
The executive order, described as a further step in the U.S. effort to isolate Iran, prevents any assets deemed to be in U.S. control - including foreign branches of American banks - from being transferred, paid, exported or withdrawn.
(Reporting By Laura MacInnis; Editing by Sandra Maler)
Unhinged Daily News Writer Wants NRA Designated A "Terrorist Group" - Bearing Arms - libel, Linda Stasi, media bias, New York Daily News, NRA
The War on America Turns 50 | Human Events
The truth about gun deaths: numbers and actual solutions
You will be DISGUSTED by what racist Salon called Michelle Malkin
She's Afraid of Her Tenant
Cortney O'Brien - "Do You Get How Bad it Looks?": Today Show Grills Hillary on Emails
Congressional Reform Goes Beyond Electing the Right Speaker | RedState