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U.S. Imposes New Sanctions on Iran, Designating Head of Central Bank a Terrorist

Also newly included on the United States’ global terror list was Ali Tarzali, another senior official at Iran’s central bank, as well as the al-Bilad Islamic Bank in Iraq and its chairman, Aras Habib. Mr. Habib recently won a seat in the Iraqi parliament under the coalition headed by the prime minister, Haider al-Abadi.

“The United States will not permit Iran’s increasingly brazen abuse of the international financial system,” the Treasury secretary, Steven Mnuchin, said in a statement on Tuesday. “The global community must remain vigilant against Iran’s deceptive efforts to provide financial support to its terrorist proxies.”

The designations are part of the Trump administration’s efforts to disrupt Hezbollah’s financial network. In February, the Treasury Department targeted six people and seven businesses in Africa and the Middle East for acting as front companies for the terrorist group.

U.S. Imposes New Sanctions on Iran, Designating Head of Central Bank a Terrorist
U.S. Imposes New Sanctions on Iran, Designating Head of Central Bank a Terrorist

Tuesday’s actions are expected to make it harder for Iran to do business with other foreign banks as well, said Farhad Alavi, a partner at Akrivis Law Group in Washington and an expert in American sanctions.

“This will make it near impossible,” Mr. Alavi said. “I would question whether any foreign banks would want to engage directly with the Central Bank of Iran at this point.”

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