Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Iran's largest bank blacklisted
The Australian ^ | September 09, 2006

Posted on 09/08/2006 2:40:33 PM PDT by nuconvert

Iran's largest bank blacklisted

From correspondents in Washington

September 09, 2006

THE US Treasury Department announced overnight that it had blacklisted one of Iran's largest banks, Bank Saderat, from having any links with US-owned banks.

The move effectively cuts Iran's state-owned Bank Saderat off from conducting any business linked to the US financial system.

The Treasury Department said it blacklisted Saderat because of its "support for terrorism."

"Bank Saderat facilitates Iran's transfer of hundreds of millions of dollars to Hezbollah and other terrorist organisations each year," said Stuart Levey, undersecretary for terrorism and financial intelligence.

"We will no longer allow a bank like Saderat to do business in the American financial system, even indirectly," Mr Levey said.

According to the US Treasury, the bank is one of Iran's largest with some 3400 branch offices.

The Treasury also said the bank had transferred funds to other "terrorist organizations" including Hamas, the Popular Front for the Liberation of Palestine-General Command and the Palestinian Islamic Jihad.

(Excerpt) Read more at theaustralian.news.com.au ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Front Page News; News/Current Events; War on Terror
KEYWORDS: bagman; bank; banksaderat; bombirannow; finance; iran; launder; terrorfinance; terrorism; treasurydept; ustreasury; wot
Bank Saderat has been around since the 1970's is a very popular bank in Iran.
1 posted on 09/08/2006 2:40:34 PM PDT by nuconvert
[ Post Reply | Private Reply | View Replies]

To: AdmSmith

pong


2 posted on 09/08/2006 2:41:43 PM PDT by nuconvert ([there's a lot of bad people in the pistachio business])
[ Post Reply | Private Reply | To 1 | View Replies]

To: nuconvert

We used to joke that the Sovran bank out east was the 'Soviet-Iranian' bank.


3 posted on 09/08/2006 2:46:27 PM PDT by struwwelpeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: struwwelpeter

Well, the best bank name is "Third fifth" with [for a poster] the two empty fifths in horizontal position and the third one open and still partially full.


4 posted on 09/08/2006 2:59:38 PM PDT by GSlob
[ Post Reply | Private Reply | To 3 | View Replies]

To: nuconvert
Why the heck are they just now getting around to doing this? Iran should be hurting now!
5 posted on 09/08/2006 2:59:53 PM PDT by msnimje (What part of-- "DEATH TO AMERICA" --do the Democrats not understand?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nuconvert

It pains me as an Iranian American to see that such a venerable Iranian financial institution should be dragged through the mud like this, but as along as the mollas' dirty hands are all over these institutions it a necessary action and may it be the beginning of complete sanction of this regime -- although the mollas have powerful friends over there in that degenerate europe who are pulling ALL the strings to save and preserve them.


6 posted on 09/08/2006 4:33:41 PM PDT by parisa
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

re IRAN
http://www.freerepublic.com/focus/news/1694213/posts?page=446#446
(Post no. 446)


7 posted on 09/08/2006 5:13:33 PM PDT by Cindy
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson