Bank With Iran Ties Receives Fiscal Sanction
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
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.
