Economics
Obama Freezes Iranian Government, Bank Assets in U.S.
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President Barack Obama ordered a freeze on all Iranian government and financial institutions’ assets that are under U.S. jurisdiction, the White House said today.
The president cited “deceptive practices” of the Iranian central bank in hiding transactions of sanctioned parties and its failure to prevent money laundering, concluding that Iran activities pose an “unacceptable risk” to the international financial system.