"OFAC is designating Valiollah Seif, Iran's Central Bank Governor, for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, the IRGC-QF", read a portion of the Treasury's statement on new sanctions.
The Treasury mentioned that Seif undermined the central financial institution's credibility by routing hundreds of thousands of from the Quds Pressure, the expeditionary unit of Iran's hard-line Revolutionary Guards, to al-Bilad Islamic Financial institution, which relies in Iraq.
According to a release from the Treasury Department, OFAC targeted the governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a Hizballah official.
The U.S. Treasury Department also issued economic sanctions against another top official, in addition to Seif.
At the time, the United States singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action.
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A European official said that some senior figures in the United States administration were pushing for a "North Korea scenario" in Iran, in reference to the drastic sanctions imposed on the North Korean regime which Washington believes helped push the country's leader, Kim Jong Un, into halting missile and nuclear testing and agreeing to renewed negotiations. They were named "specially designated global terrorists" for allegedly assisting Iran's Islamic Revolutionary Guards Corps-Quds Force to support Hezbollah.
"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.
President Trump last week pulled out of the Obama-era Iran nuclear agreement. That signifies that anybody, in any nation, who does enterprise with Seif or Tarzali might themselves be punished with sanctions, reducing them off from the US monetary system.
British, French and German foreign ministers met in Brussels on Tuesday to try to find a way to save the nuclear deal without the United States, but appeared hard-pressed over how their companies could continue doing business with Iran once Washington begins to reimpose sanctions. Secondary sanctions also apply to non-Americans and non-US companies.
The sanctions had been anticipated to be adopted by extra U.S actions within the coming weeks, because the Trump administration works to dismantle the principle banking conduits exploited by Iran and its Revolutionary Guards to transform Iranian rials into euros or .