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Sanctions Against Iran
By KTM Metro Reporter
June 17, 2010: the white House has announced prohibiting American individuals and companies from doing business with companies helping Iran in its nuclear program and ordered their U.S. assets frozen. Treasury Secretary Timothy Geithner has identified an Iranian bank and 22 energy and insurance companies of "helping Iran finance nuclear and missile programs and to evade international sanctions."
The US sanctions follow the United Nations Security Council’s decision on imposing the sanctions on the Iranian government. Geithner said, "In the coming weeks, we will continue to increase the financial pressure on Iran and will continue to target Iran's support for terrorist organizations."
Iran will "scramble" to evade the sanctions by "hiding behind front companies, doctoring wire transfers, falsifying shipping documents," predicted Undersecretary for Terrorism and Financial Intelligence Stuart Levey in the White House briefing on June 17, 2010.
