US Adds Three Banks to Iran Sanctions

The US put three Iranian state-owned banks under sanctions. The banks are: Bank Melli Iran, the country’s largest bank; Bank Mellat; and Bank Saderat. Melli and Mellat were sanctioned for their alleged involvement in Iran’s nuclear program. Saderat was designated “a terrorist financier.”

The US sanctions today included Islamic Revolution Guards Corp (IRGC) for its involvement in Iran’s nuclear program and IRGC’s foreign ops directorate, the Quds Force, designated as a terrorist organization.