Bank With Iran Ties Receives Fiscal Sanction
By Associated Press | March 13, 2008
WASHINGTON — The Bush administration is imposing financial sanctions on a Bahrain bank America alleges is controlled by Iran's Bank Melli, which has been accused of helping Iran spread weapons of mass destruction. The Treasury Department's action yesterday targets Future Bank B.S.C. Any bank accounts or financial assets found in America belonging to the bank must be frozen. Americans also are prohibited from doing business with the bank.
