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http://www.foxnews.com/story/0,2933,337150,00.html

Treasury Imposes Financial Sanction on Bahrain Bank for Alleged Link to Iran’s Nuke Program

Wednesday, March 12, 2008

WASHINGTON — The United States is imposing financial sanctions on a Bahrain bank the United States alleges is controlled by Iran’s Bank Melli, which has been accused of providing support to Iran’s nuclear program.

The Treasury Department’s action Wednesday targets Future Bank B.S.C. Any bank accounts or other financial assets found in the U.S. belonging to the bank must be frozen. Americans also are prohibited from doing business with the bank.

It marked the government’s latest effort to tighten the financial noose on Iran, which the United States accuses of bankrolling terrorism and seeking a nuclear bomb. The administration also has accused Iran of taking steps to evade a range of financial sanctions.

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