U.S. to Freeze Iranian Assets

Katherine Greenberg — August 3, 2010 – 4:02 pm | Barack Obama | Iran | Terrorism Comments (0) Add a comment

In accordance with President Barack Obama’s newly implemented sanctions against Iran, the U.S. Treasury Department has stated that it would freeze the assets of groups controlled by Iran. Specifically, the freeze would apply to 21 firms in the investment, insurance, banking, engineering, and mining industries which the Treasury Department have identified as front companies being used by Iran to support terrorism. The press release issued by the Treasury Department stated:

By identifying these entities – including banks, investment companies and technology firms – U.S. persons and others are better able to identify Iranian Government entities and protect themselves against the risks posed by such entities.

For more information read the full press release here.

 

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