Central Bank of Iran designated by US Treasury

Illicit Financing and Sanctions Evasion

On 15 May 2018, the US Department of the Treasury‘s Office of Foreign Asset Control announced new sanctions against the governor of the Central Bank of Iran, the chairman and CEO of Al-Bilad Bank (Iraq), and a Hizballah financier.

According to OFAC, Valiollah Seif, the governor of the Central Bank of Iran facilitated the movement of millions of dollars f…