U.S. Treasury to Freeze Assets of Syrian Bank, Phone Company
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The U.S. Treasury Department said today that it will freeze the assets of the Commercial Bank of Syria; the Syrian Lebanese Commercial Bank, a subsidiary; and the mobile phone company Syriatel for supporting Syrian and North Korean weapons programs.
“We are taking aim at the financial infrastructure that is helping provide support” to Syrian President Bashar al-Assad, David Cohen, under secretary for terrorism and financial intelligence, said in a Treasury press statement.