Approximately 25 different entities associated with Iran have been targeted for sanctions from at least 6 countries; Reports indicate that the United States, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) were all involved; Mnuchin: The TFTC’s action coincides with my trip to the Middle East, where I am meeting with my counterparts across the region to bolster the fight against terrorist financing.
Last week, the United States, alongside six other countries, implemented over twenty new sanctions on Iranian targets throughout the Middle East. The other nations involved are part of the Terrorist Financing Targeting Center (TFTC), and all of the entities that were targeted had previously been sanctioned by the US.
While meeting with Prime Minister Benjamin Netanyahu last week, Mnuchin stated that the US intended to further sanction Iran, so these sanctions coming in the wake of his meeting with other anti-terror partners should really be no surprise. Mnuchin stated, “The TFTC’s action coincides with my trip to the Middle East, where I am meeting with my counterparts across the region to bolster the fight against terrorist financing,”.
The vast majority of the targets hit last week obtain ties to the Basij Resistance Force, which is, in essence, a subsidiary of the Islamic Revolutionary Guard Corps (IRGC), whom the United Stated designated a terror organization earlier this year. These new sanctions will further the financial fight against terror in the Middle East.
