Together the actions "seek to stifle Iran's ability to abuse the USA and regional financial systems", according to Treasury.
The Trump Administration has announced a new round of sanctions against Iran's financial institutions today, and singled out a handful of individuals, including the Iranian Central Bank's governor, as a "terrorist" for his banking activities.
Its actions are meant to build on President Trump's decision to withdraw the United States from the Iran Nuclear Deal (the Joint Comprehensive Plan of Action). Washington is also unhappy with Tehran's support of organizations such as Hezbollah.More news: Simpson lead cut to five at Sawgrass with Woods on the prowl
The sanctions on Seif and Tarzali do not extend to the Bank of Iran; however, President Trump's decision to leave the JCPOA and reimpose sanctions will extend to some of the central bank's transactions. Trump called the deal unfair and doubted that it would limit the nuclear ambitions of Tehran.
President Trump in April said Iran would pay a "price" if it threatens the U.S.
Typically, when the USA punishes individuals with sanctions, it prohibits Americans or United States companies from doing business with them. Seif and Tarzali are also being hit with secondary sanctions under Iranian Financial Sanctions Regulations (IFSR).More news: Sony Ends Production of Physical PlayStation Vita Games
Treasury Secretary Steve Mnuchin said Seif "covertly funneled" money from Iran's Islamic Revolutionary Guards Corps (IRGC) through Iraq's al-Bilad Islamic Bank in order to aid Hezbollah, the Associated Press reported.
"The United States will withdraw from the Iran nuclear deal", Trump said, calling the deal "defective at its core" and a "disastrous deal" that gave the Iranian "regime of great terror" billions of dollars. "The global community must remain vigilant against Iran's deceptive efforts to provide financial support to its terrorist proxies".
Iran has described the sanctions as illegal and has warned that if talks to rescue the accord fail, it would ramp up its nuclear program to a level more advanced than before. US officials were reaching out Tuesday to central banks in other countries in the Middle East and Europe to inform them of the sanctions and encourage them to immediately freeze assets the bank has overseas. Earlier this year, the Trump administration slapped sanctions on the deputy governor of Russia's central bank, Alexander Torshin.More news: Whole Foods sales items get even cheaper for Amazon Prime members
Lebanon's Hezbollah, the highly effective Shiite guerrilla power that can also be a outstanding political participant in Lebanon, has lengthy helped perform Iran's global coverage targets within the Arabic-speaking world. Hezbollah fought a battle with Israel in 2006, and Israeli officers have been deeply involved concerning the prospect of one other confrontation. And in 2015, the US focused the governor of Syria's central financial institution.