Iraqi Bank Sanctioned for Alleged Iran Sanctions Evasion
The US Department of the Treasury sanctioned the Iraq-based International Development Bank for Investment and Finance. This action is part of an operation targeting financial networks linked to Iran. The Treasury designated the bank under Executive Order 13902. The agency alleges the bank operated within the financial sector of the Iranian economy.
By John Lee. The US Department of the Treasury has sanctioned Iraq-based International Development Bank for Investment and Finance (IDB) as part of an operation targeting Iran's international financial networks. According to the Treasury, IDB was designated under Executive Order 13902 for operating in the financial sector of the Iranian economy. The Treasury alleges that […] The post Iraqi Bank Sanctioned for Alleged Iran Sanctions Evasion first appeared on Iraq Business News .