US names Iran's central bank head 'specially designated global terrorist'

US names Irans central bank head specially designated global terrorist
File photo of the Governor of the Central Bank of Iran, Valiollah Seif (R).

Washington - Hits Valiollah Seif with terror sanctions.


Published: Wed 16 May 2018, 8:14 PM

The Trump administration is designating the head of Iran's central bank as a terrorist and hitting him with sanctions intended to further isolate Iran from the global financial system.

The Treasury Department accuses Valiollah Seif of helping transfer millions of dollars to Hezbollah, the Iran-backed militant group. Seif is the governor of the Iranian central bank. He's being named a "specially designated global terrorist."

Treasury Secretary Steven Mnuchin (mih-NOO'-shin) says Seif "covertly funneled" money from the Iran's Revolutionary Guards through al-Bilad Islamic Bank in Iraq to help Hezbollah. The Iraqi bank and its chairman is also being punished with sanctions.

The US says it's also imposing so-called secondary sanctions on Seif. That means anyone who does business with him could be cut off from the US financial system.

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