WASHINGTON, Feb. 6 (UPI) -- President Obama issued new sanctions against Iran's banks, including its central bank, for their "deceptive practices" in hide dealings of sanctioned parties.
"I have determined that additional sanctions are warranted, particularly in light of the deceptive practices of the Central Bank of Iran and other Iranian banks to conceal transactions of sanctioned parties, the deficiencies in Iran's anti-money laundering regime and the weaknesses in its implementation, and the continuing and unacceptable risk posed to the international financial system by Iran's activities," Obama said in a letter to Congress about the executive order he signed Monday.