US TREASURY TARGETS IRAN’S CENTRAL BANK GOVERNOR AND AN IRAQI BANK MOVING MILLIONS OF DOLLARS FOR IRGC-QODS FORCE

On 15^th May, OFAC announced sanctions on the Governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hizballah official.  They are designated for having moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) to Hizballah.  Those designated are –

• Valiollah Seif – Iran’s Central Bank Governor
• Ali Tarzali – assistant director of the International Department at the Central Bank of Iran
• Aras Habib – Chairman and Chief Executive of Al-Bilad Islamic Bank
• Al-Bilad Islamic Bank – for being owned or controlled by Aras Habib
• Muhammad Qasir (Qasir) – for acting for or on behalf of Hizballah

These measures do not themselves extend to the Central Bank of Iran.

https://home.treasury.gov/news/press-releases/sm0385

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20180515.aspx

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017