It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
"I have determined that additional sanctions are warranted, particularly in light of the deceptive practices of the Central Bank of Iran and other Iranian banks to conceal transactions of sanctioned parties, the deficiencies in Iran's anti-money laundering regime and the weaknesses in its implementation, and the continuing and unacceptable risk posed to the international financial system by Iran's activities," Obama said in a letter to Congress.
Originally posted by FissionSurplus
reply to post by NeoVain
The Big Bully will eventually implode and self-destruct, as all Big Bullies do....but not before causing much damage, much heartache, and destruction that will take decades to reverse.
The scandal came to light when it was revealed that the Amir Mansour Arya Investment Group, which was established in 2004 with merely $50,000 worth of capital, had managed to acquire nearly 140 forged or unregistered letters of credit worth approximately $2.8 billion from a particular branch of a semi-privatized bank. It then exchanged them at a discounted rate at other banks and used the acquired cash to buy four large privatized factories, including the National Industrial Steel Group.
Originally posted by Silcone Synapse
reply to post by HunkaHunka
The noose is tightening on Iran and fast.
They are being turned into the metaphorical cornered rat I think.
We are weeks or maybe a couple of months from war IMO.
Which will kill and maim too many to count,and send oil prices sky high,and destroy economies.
Oh well I guess that exec order will get Obama all those pro israeli votes he needs in the election,and thats the main thing.