WASHINGTON (Reuters) – The U.S. Treasury Departmenton Tuesday named Iran’s state-owned Bank Sepah as aproliferator of weapons of mass destruction, and banned alltransactions between it and U.S. businesses. “Bank Sepah is the financial linchpin of Iran’s missileprocurement network and has actively assisted Iran’s pursuit ofmissiles capable of carrying weapons of mass destruction,” saidStuart Levey, Treasury’s Under Secretary for Terrorism andFinancial Intelligence. In addition to prohibiting transactions with Bank Sepah, amajor commercial Iranian bank, Treasury said any assets that itmay have under U.S. jurisdiction are frozen.
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About the Author
Kathryn Jean Lopez is a senior fellow at the National Review Institute and the religion editor of National Review. Sign up for her weekly newsletter here. She is the author of A Year with the Mystics: Visionary Wisdom for Daily Living.
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