Bloomberg News

Treasury Sanctions Iran’s Bank Tejarat for ‘Illicit’ Activities

January 24, 2012

Jan. 23 (Bloomberg) -- The U.S. Treasury Department sanctioned Iran’s Bank Tejarat for providing financial services to banks and companies already subject to international restrictions.

The U.S. has now sanctioned 23 Iranian-linked financial institutions “based on their involvement in Iran’s illicit activities,” the Treasury said in a statement in Washington today.

--Editors: Kevin Costelloe, Carlos Torres

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net.

To contact the editor responsible for this story: Christopher Wellisz in Washington at cwellisz@bloomberg.net


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