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deemed to be in U.S. control - including foreign branches of American banks - from being transferred, paid, exported or withdrawn.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)
Since Obama can’t handle ISIS, what say we outsource the job to the mafia?
Concealed Carry: What To Do When Stopped By The Police - Bearing Arms - Concealed Cary, Video
Semi-Retired President to Spend His Final Year Fighting Fake Problems | RedState
Importing Terrorism and Other American Values | Human Events
'The confused Hillary Huma warned us about!' Clinton forgets which party is occupying in the White House
Doug Giles - Here’s Why Islam Wants Our Heads -- In THEIR Own Words
- What Is Your U.S. Income Percentile Ranking?