Edited by naturalizedtexan (80466) on 2012-02-06 12:36:28 link
President Obama signed an executive order blocking all Iranian government assets in the US, including the freezing of Iran Central Bank and other financial institution assets worldwide.
Obama says the action is warranted because of deceptive Iranian practices used to hide business done with already-sanctioned entities.
"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."
The announcement came after Obama said the US is working with Israel to avert a potential nuclear war in the MidEast, and amid reports that the US is quietly stationing naval & military assets near Iran
However, Obama stressed that the US is continuing to seek a diplomatic solution.
re: US freezing Iranian assets (karma: 1)en>frfr>en By Bat2 Comments: 2507, member since Wed May 25, 2011
On Mon Feb 06, 2012 12:43 PM
I must be long out of the loop regarding Iran. I thought all their assets were already frozen in the US long ago. Probably won't make any difference as it didn't during the hostage crisis. The only thing the mullahs understand is when they get killed off. Threats, embargoes and asset freezes don't phase fanatics.
