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U.S. Cheers German Bid to Thwart Terror Funding as Win Over Iran

  • German probe of Iranian transfer from Hamburg revealed in July
  • Trump’s ambassador to Berlin pressed Germany to take action
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U.S. Prepares to Slap New Sanctions on Iran

The U.S. trumpeted rule changes by Germany’s Bundesbank to thwart terror financing as a victory in its bid to isolate Iran despite resistance from European allies.

Adjustments to the Bundesbank’s operating procedures gives Germany’s central bank more leeway to review transactions to prevent money laundering and weapons purchases. While the rules, which take effect on Aug. 25, don’t mention any country specifically, the U.S. Embassy in Germany said it will help put a financial squeeze on Iran.