US hits head of Iran’s central bank with terror sanctions

Valiollah Seif, governor of Iran's central bank.

Drew Angerer | Bloomberg | Getty Images

Valiollah Seif, governor of Iran’s central bank.

The Trump administration is actually designating the head of Iran’s central bank as a terrorist along with hitting him with sanctions intended to further isolate Iran by the global financial system.

The Treasury Department accuses Valiollah Seif of helping transfer millions of dollars to Hezbollah, the Iran-backed militant group. Seif is actually the governor of the Iranian central bank. He’s being named a “specially designated global terrorist.”

Treasury Secretary Steven Mnuchin says Seif “covertly funneled” money by the Iran’s Revolutionary Guards through al-Bilad Islamic Bank in Iraq to help Hezbollah. The Iraqi bank along with its chairman is actually also being punished with sanctions.

The U.S. says the item’s also imposing so-called secondary sanctions on Seif. of which means anyone who does business with him could be cut off by the U.S. financial system.

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