The Trump administration designated an elite wing of Iran’s military as a foreign terrorist organization, the first time the U.S. has slapped that label on a government entity and the latest step in the president’s push to starve the regime of access to cash.
The move to designate the Islamic Revolutionary Guard Corps a “foreign terrorist organization,” which takes effect April 15, is aimed at further scaring away any foreign business or government that does business with Iran. The terrorism label means that anyone providing “material support” to the IRGC could face criminal prosecution.