The Obama administration — despite repeatedly assuring Congress that Iran would remain barred from the U.S. financial system — secretly mobilized to give Tehran access to American banks to convert the windfall of cash it received from sanctions relief under the 2015 nuclear deal into dollars, an investigative report by the Senate has revealed.
A copy of the report, obtained by The Washington Times, outlines how Obama-era State and Treasury Department officials discreetly issued a special license for the conversion to a major Omani bank and unsuccessfully pressured two U.S. banks to partake in the transaction, all while misleading lawmakers about the activities.
The document, compiled by the Senate’s Republican-led chief investigative subcommittee, began circulating Tuesday, just as the Trump administration issued its harshest warnings to date to foreign governments and companies to avoid doing business with Iran or find themselves in the crosshairs of Washington’s reimposition of sanctions as part of Mr. Trump’s withdrawal from the nuclear deal.
“Companies doing business in Iran face substantial risks, and those risks are even greater as we reimpose nuclear-related sanctions,” said Sigal Mandelker, Treasury Department undersecretary for terrorism and financial intelligence.
Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!
We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.