10232017Mon

US tells banks to guard against Iranian activity

AP: The Obama administration wants U.S. banks to enhance monitoring of exchange houses in the Middle East and elsewhere for Iranian attempts to evade economic sanctions. The Associated Press

By By BRADLEY KLAPPER, – 15 hours ago 

WASHINGTON (AP) — The Obama administration wants U.S. banks to enhance monitoring of exchange houses in the Middle East and elsewhere for Iranian attempts to evade economic sanctions.

The Treasury Department says Iran is gaining access to the American financial system through the loophole of exchange houses and trading companies in countries not subject to U.S. sanctions.

The department says it has identified transactions that conceal Iranian companies and account holders, including people designated under U.S. sanctions law.
It said Thursday that U.S. banks don't need to close accounts held by exchange houses. But they should be diligent about where funds come from.

Washington is stepping up pressure on Iran over its nuclear program. The U.S. fears Iran may be trying to develop nuclear weapons; Iran says its program is for energy production.

Search

Iran: Widespread Protests of Thousands of the People, Plundered by the State Affiliated Financial

Tehran: Widespread Protests of Thousands of the People, Plundered by the State Affiliated Financial

Clashes Erupts in Western City Over killing of Porters by Iran’s Security Forces

Vienna: Iranians Rally in Support of Comprehensive Sanctions against Tehran

Iran: Guidance Patrol harasses women in public places

Iran 22 August 2017: Hundreds of retirees protest outside regime's parliament

Iran, Khuzestan Province: People Clashed With Security Forces

People Chanting Against Iran Regime During the Football Match

Iran: Murder Scene of a Poor Street Peddler by Municipality Agents

Suicide increasing in northern Iran due to crackdown and poverty

Two prisoners were hanged in Sarpol-e Zahab (western Iran)

Iran: Execution of four young men in public in Qeshm- 23 November

The untold story of the 1988 Massacre in Iran

Reyhaneh Jabbari's will Her voice recording from inside prison

Public execution in Kazerun, Iran - August 11, 2016