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Treasury Warns on Iran Sanctions Despite Trump's ZTE Reversal

  • Mixed signal as Trump suggests relief for China’s ZTE
  • Treasury’s Mandelker says violators will be held accountable
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Trump Feels Bipartisan Pressure on ZTE Concession

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A top U.S. Treasury official warned companies that they’ll face serious consequences for violating sanctions against Iran, a message that could fall flat after President Donald Trump moved to ease penalties on China’s ZTE Corp. this week.

“We will hold those doing prohibited business in Iran to account,” Sigal Mandelker, Treasury’s undersecretary for terrorism and financial intelligence, said in a speech in Washington. “Countries and companies around the world need to be on full alert to the surreptitious means the Iranian regime uses to exploit the international financial system to fund its malign activities and terrorist proxies.”