Reporter: Is Admin Exploiting Loopholes For Iran?
The Obama administration is now advising foreign banks on how to bypass existing U.S. sanctions when dealing with Iran, according to the State Department, which disclosed that officials are offering guidance on how to grant the Islamic Republic access to billions of dollars in frozen assets.
However, the administration would not comment when pressed by reporters on whether foreign banks would be permitted to conduct monetary transactions with Iran using American dollars.
State Department Deputy Spokesman Mark Toner told reporters that the U.S. is committed to helping Iran access billions of dollars in frozen assets that are currently stored in banks across the globe. Some financial institutions have been hesitant to deal with Iran following the comprehensive nuclear agreement out of fear that such transactions might violate U.S. sanctions barring transaction with the Islamic Republic.
“It is incumbent on us to live up to our end of this deal,” Toner said, referring to the Joint Comprehensive Plan of Action. “Part of that is to, you know, is to advise these banks and governments.”
Full article: Obama Admin Advising Global Banks on Ways to Give Iran Money (Washington Free Beacon)