The Bush administration has banned the Tehran from routing money transfers through the US from Iran. The department of treasury terminated the U-turn license which allowed for Iranian money transfers under certain conditions. Now, given Iran's "conduct" Stuart Levey, Department of treasury secretary of terrorism and financial intelligence said this action must be taken because of Iran's "deceptive practices of hiding its involvement with nuclear proliferation and terrorist activities." It is said Iran is trying to avoid financial sanctions. However, the US has already put sanctions on many financial institutions to prohibit Iran's alleged terrorist bankrolling and plans to aquire a nuclear bomb.
I'm not sure if this was the right measure to be taken at this time. It seems a bit dramatic to sanction Iran's financial institutions without having secure evidence. The US has made mistakes before in this department and who's to say this isn't another mistake.
Citations: http://www.msnbc.msn.com/id/27579337/
2 comments:
i agree the US has made mistakes like this before and they should really think before they do anything that could compromise he safety of the people in this nation.
Mistakes dont need to be made in the war. If there I feel they need to do things right.
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