February 6th, 2012
11:18 AM ET

United States orders new Iran sanctions

The United States has moved to block assets of Iran's government and financial institutions, saying they had engaged in "deceptive practices," President Barack Obama's administration announced Monday.

An executive order signed Sunday by Obama blocks all assets of the Iranian government and banks held in the United States, according to John Sullivan, a Treasury Department spokesman.

Previously, recipients of Iranian funds covered by U.S. law were required to "reject" such transactions, according to the Treasury Department.

"I have determined that additional sanctions are warranted, particularly in light of the deceptive practices of the Central Bank of Iran and other Iranian banks to conceal transactions of sanctioned parties, the deficiencies in Iran's anti-money laundering regime and the weaknesses in its implementation, and the continuing and unacceptable risk posed to the international financial system by Iran's activities," Obama said in a statement to Congress released by the White House.

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soundoff (25 Responses)
  1. Jinx

    I would have a bloody stockpile of weapons, too, if every country wanted to obliterate my country of the face of the earth because of the mere fact I am Jewish.

    February 6, 2012 at 7:19 pm | Report abuse |
  2. chrissy

    I believe i said IRAN! While for the most part i am a humanitarian, i dont have very much sympathy for that country. Would be nice if we could just box em up and send em out in the universe somewhere! Kinda like takin out the trash!

    February 6, 2012 at 11:23 pm | Report abuse |
    • leeintulsa

      hundreds of thousands of iranians could give a flip about us. the handful in charge is the problem.

      February 6, 2012 at 11:38 pm | Report abuse |
  3. I THINK THE INDIVIDUAL DOING THE KILLING IS OUT OF HIS MIND IN EGYPT

    THERES NO EXCUSE FOR THIS TO GO ON NOT TO REACT LEAVES DOORS OPEN TO MURDER AS ONE SEES FIT! STOP THIS MONSTER!

    February 7, 2012 at 2:38 am | Report abuse |
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