The Briefing Room
General Category => National/Breaking News => Topic started by: mystery-ak on June 07, 2018, 01:15:46 pm
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Obama Admin Granted Iran Access to U.S. Financial System Despite Sanctions
Jenna Lifhits
June 6, 2018 8:49 AM
Officials also staged “roadshows†encouraging foreign financial engagement with the Islamic Republic.
In selling the 2015 nuclear deal with Iran to Congress, the Obama administration assured lawmakers that Tehran would not have access to the U.S. financial system. But in 2016, the administration secretly granted Iran a license to do just that, according to a Republican-led Senate report released Wednesday.
The 53-page report by the Senate’s Permanent Subcommittee on Investigations (PSI), chaired by Ohio senator Rob Portman, also reveals the extent of Obama administration efforts to encourage foreign countries to do business with Iran. Its release comes after President Donald Trump announced that the U.S. would be withdrawing from the agreement and reimposing nuclear deal-related sanctions on Iran.
The lifting of those sanctions in January 2016 allowed Tehran to tap into its previously frozen assets abroad, including $5.7 billion rials held in an Omani bank, Bank Muscat. Iran wanted to convert those funds to euros, which could be done most efficiently by first converting to U.S. dollars as an “intermediary step.†In an effort to allow Iran to convert its once-frozen rials, the Treasury Department granted a specific license in February 2016 that authorized the Iranian assets to be converted using the U.S. financial system, according to the report.
more
https://www.weeklystandard.com/jenna-lifhits/obama-admin-granted-iran-access-to-u-s-financial-system-despite-sanctions (https://www.weeklystandard.com/jenna-lifhits/obama-admin-granted-iran-access-to-u-s-financial-system-despite-sanctions)
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There's a word for this.
Starts with a "T" ...
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There's a word for this.
Starts with a "T" ...
You betcha!
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Money Laundering & Racketeering.
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Obama always hated the US and wanted its enemies too destroy it. I never understood that hatred since this country gave him everything. He had a Harvard education which someone paid for. He was a "community organizer" -- a do-nothing job. As senator, all he did was vote "Present." Even as president, he spent more time golfing and on vacation than actually working. Obama has always enjoyed the high life without having to lift a finger. Where else, but in America could he get away with doing nothing? And yet he hates America in spite of all that he has.