Some in Congress want to block Iran from international financial system

Washington Free Beacon:
Leading members of Congress are urging the Trump administration to pressure world leaders to ban Iran from accessing international financial systems following revelations the former Obama administration secretly helped Tehran skirt international sanctions to potentially access billions in hard currency, according to a letter sent Thursday to the Treasury Departments.

Sen. Rob Portman (R., Ohio) and Rep. Ed Royce (R., Calif.) are petitioning the Trump administration to urge members of the Financial Action Task Force (FATF), an international organization formed to combat money laundering, to put Iran back on its blacklist as a result of the country’s ongoing support for terrorism.

Iran was taken off the FATF blacklist as part of a package of incentives provided by the Obama administration to Iran in order to help pave the way for the landmark nuclear deal killed by President Trump earlier this year.

Lawmakers are demanding that Iran be put back on FATF's blacklist as a result of its continued money laundering efforts and financial support to terror groups across the Middle East, including Hamas, Hezbollah, and other militants operating in the region.
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I support this move and I suspect that the Trump administration will too.  The problem may come in getting reluctant allies to go along with it.  They are too focused on short-term deals for businesses in their country than thinking about the goals of Iran to conquer them.

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