Feb
06

Obama orders new sanctions on Iran, including ‘deceptive’ Central Bank | World news | guardian.co.uk

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President Barack Obama has ordered new sanctions on Iran, including its Central Bank, moving to enforce a law he signed in December.

In a letter to Congress Monday, Obama said more sanctions are warranted “particularly in light of the deceptive practices of the Central Bank of Iran and other Iranian banks.” He said the problems included the hiding transactions of sanctioned parties, the deficiencies of Iran’s anti-money laundering regime and the unacceptably high risk posed to the entire international financial system posed by Iran’s activities.

READ THE FULL REPORT: World news | guardian.co.uk.

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