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Published 2 months ago

U.S. sanctions Iran Central Bank subsidiary for U.S. tech procurement and violating export rules

  • The US has imposed sanctions on individuals and companies from Iran, the UAE, and Turkey for helping Iran obtain US goods and technology, including its Central Bank.
  • The Central Bank of Iran's procurement network violated US export restrictions by acquiring sensitive US technology, according to the Treasury Department.
  • The US aims to disrupt Iran's illicit acquisition of sensitive US technology, citing the bank's support for the Islamic Revolutionary Guard Corps and Hezbollah.
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