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New Sanctions Underway, U.S. to Focus on Iran’s ‘Revenue, Reserves and the Rial’: Official
By Brian Monroe
printU.S. lawmakers will seek to advance a bill next week that would impose sanctions against companies that trade with Iran unless they agree to reduce their ties to the country within 180 days. Introduced in February by Rep. Ed Royce (R-CA), the Nuclear Iran Prevention Act is also expected to include amendments taken from a bill introduced earlier this month by a group of bipartisan lawmakers led by Sen. Mark Kirk (R-IL), ACAMS moneylaundering.com reported at the time. The latter legislation, entitled the Iran Sanctions Loophole Elimination Act, would bar foreign financial institutions that help Iran's central bank circumvent currency...
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