U.S. Treasury Sanctions Against Bank Put Pressure on Allies to Help Isolate Iran Jan. 10 – Sanctions the U.S. Treasury Department issued against Iran's fifth-largest state-owned bank may be enough to push other Group of Seven industrial countries to aid in isolating Iran from the world financial system. The Treasury on Jan. 9 named Bank Sepah as a financial supporter of illegal weapons proliferation. That action prohibits U.S. banks and individuals from doing business with the bank or facilitating transactions between banks in other countries and Bank Sepah. It also freezes the bank's assets in the U.S. and blocks any...
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