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Syria-Lebanon-Iran
US Treasury slaps new sanctions on Iranian figures, entities
2018-05-11
[PRESSTV] The US Treasury has imposed fresh sanctions on several Iranian individuals and entities in the wake of President Donald Trump
...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and what ever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States...
's decision to withdraw Washington from the 2015 nuclear deal.

The US Treasury Department said in a statement on its website Thursday that it had sanctioned six people allegedly tied to the Quds Force of the Islamic Revolution Guards Corps (IRGC) and three Iranian entities.

The Treasury also said it was working with the UAE to disrupt a network that was purportedly transferring millions of dollars to the Quds Force, accusing Iran's central bank of helping the group access US dollars held in foreign banks.
Ynet adds:
In February 2015, Rooters reported that at least $1 billion in cash had been smuggled into Iran despite US and other sanctions. Before it reached Iran, the cash was passed through money changers and front companies in Dubai, in the United Arab Emirates, and Iraq, sources told Rooters.

Before the 2015 nuclear deal was reached, front companies had mushroomed in Dubai to facilitate payments to Iran. The use of multiple front companies, which bought dollars from currency traders in Dubai and Iraq, was preferred as it concealed the overall size of the dollar purchasing operation.
Posted by:Fred

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