The White House said Monday that President Barack Obama stressed sanctions on Iran, where the central bank targeted a U.S. bank and granting new powers to freeze assets linked to the government.
The action taken by Obama in the form of an executive order signed on Sunday was the latest in a growing part of a campaign to target Iran's central bank aims to fill gaps in the existing sanctions exploited by Tehran.
Obama said in a letter to Congress that Iranian banks hide the transactions to circumvent the financial sanctions imposed by the United States and other powers in response to Iran's nuclear program
Obama said in the letter, "I decided that additional sanctions are necessary, especially in light of the deceptive practices of the Central Bank and other Iranian banks hide the transactions of bodies that are subject to sanctions."
He said that the new measures on Iranian assets that are under U.S. control, including the foreign branches of U.S. banks are necessary because of "deficiencies in the system of combating money laundering in Iran," as well as "ongoing risks and unacceptable posed by the activities of Iran on the international financial system."
In the past, banks were required to reject the U.S. and not disable or freeze transactions with Iran. The Executive Order required the new American institutions to freeze Iranian government assets which are offset and not only rejected.
Was not immediately clear, the total value of the assets of Iran that might be included is Obama stresses U.S. President
Sanctions on Iran to curtail capital flows and oil revenue on the Iranian government in order to restore the Islamic Republic to the negotiating table to discuss a diplomatic solution to the nuclear crisis.
Tehran says its nuclear program aims only to produce energy, not weapons.
However, its recent transfer of uranium enrichment facility to a mountain bunker and its refusal to negotiate assurances that its program is peaceful raised concerns about the ambitions of Iran and increased concerns about oil supplies from the Gulf.
Obama, who faces a run for the presidency in November, criticized in the campaign, accusing him of not enough packets with Iran.
And add the expanded financial sanctions, which announced on Monday wide actions imposed by the law Obama signed in late December, targeting Iran's central bank and foreign institutions that are dealing with.
The U.S. State Department said in a statement, "highlight the acts that the determination of the administration to download the Iranian regime's responsibility for failing to meet its international obligations."