US imposes sanctions on Iranian banks

By Tyler Van Dyke

Published October 8, 2020 8:35pm ET

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US imposes sanctions on Iranian banks — FILE - In this Aug. 8, 2011 file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. The Treasury Department releases federal budget data for May on Wednesday, June 11, 2014. (AP Photo/Jacquelyn Martin, File) | Jacquelyn Martin

The Treasury Department announced sanctions on 18 Iranian banks Thursday as part of the United States’s “commitment to stop illicit access to U.S. dollars,” Treasury Secretary Steven Mnuchin said.

“Our sanctions programs will continue until Iran stops its support of terrorist activities and ends its nuclear programs. Today’s actions will continue to allow for humanitarian transactions to support the Iranian people,” he added.

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Iran Sanctions State Department Treasury Department