US imposed sanctions on network individuals of forging money for Iran

Vastavam web: The United States has imposed sanctions on a network individuals and companies accused of forging money to help Iran’s Revolutionary Guards, officials announced.The sanctions targeted four companies and two individuals involved in printing counterfeit Yemeni currency to benefit Iran, including Iranian national Reza Heidari and Mahmoud Seif, whose nationality was not given, according to a statement yesterday.”This scheme exposes the deep levels of deception the IRGC-Qods Force is willing to employ against companies in Europe, governments in the Gulf, and the rest of the world to support its destabilising activities,” Treasury Secretary Steven Mnuchin said in a statement.

“Counterfeiting strikes at the heart of the international financial system, and the fact that elements of the government of Iran are involved in this behaviour is completely unacceptable.” The sanctions effectively freeze the individuals and companies out of much of the global banking system and bar financial institutions subject to US law from doing business with them.The latest move comes two months after the US slapped sanctions on individuals and companies accused of carrying out cyber-attacks against US banks or acting in support of the Revolutionary Guards.

And the Trump administration imposed new sanctions on the Revolutionary Guards in October, accusing it of providing to support for militant groups including Hezbollah, Hamas and the Taliban.As far back as 2007, the administrations of Barak Obama and George W. Bush imposed sanctions on the Revolutionary Guards, tying the armed forces to Iran’s ballistic missile and nuclear programs and to human rights abuses.