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Obama-era license aimed to let Iran convert money in dollars
Associated Press ^ | Jun 06, 2018 8:29 AM EDT | Josh Lederman and Matthew Lee

Posted on 06/06/2018 7:54:26 AM PDT by Olog-hai

The Obama administration secretly sought to give Iran access — albeit briefly — to the U.S. financial system by sidestepping sanctions kept in place after the 2015 nuclear deal, despite repeatedly telling Congress and the public it had no plans to do so.

An investigation by Senate Republicans released Wednesday sheds light on the delicate balance the Obama administration sought to strike after the deal, as it worked to ensure Iran received its promised benefits without playing into the hands of the deal’s opponents. Amid a tense political climate, Iran hawks in the U.S., Israel and elsewhere argued that the United States was giving far too much to Tehran and that the windfall would be used to fund extremism and other troubling Iranian activity.

The report by the Senate Permanent Subcommittee on Investigations revealed that under President Barack Obama, the Treasury Department issued a license in February 2016, never previously disclosed, that would have allowed Iran to convert $5.7 billion it held at a bank in Oman from Omani rials into euros by exchanging them first into U.S. dollars. If the Omani bank had allowed the exchange without such a license, it would have violated sanctions that bar Iran from transactions that touch the U.S. financial system.

The effort was unsuccessful because American banks — themselves afraid of running afoul of U.S. sanctions — declined to participate. The Obama administration approached two U.S. banks to facilitate the conversion, the report said, but both refused, citing the reputational risk of doing business with or for Iran.

“The Obama administration misled the American people and Congress because they were desperate to get a deal with Iran,” said Sen. Rob Portman, R-Ohio, the subcommittee’s chairman. …

(Excerpt) Read more at apnews.com ...


TOPICS: Crime/Corruption; Foreign Affairs; Front Page News; US: Ohio; US: Oregon; War on Terror
KEYWORDS: connorfinnegan; hamas; hassannasrallah; hezbollah; iran; irandeal; jcpoa; kerry; lebanon; lew; moneylaundering; obama; obamairandeal; obamalegacy; obamalies; obamanation; ohio; oman; robportman; rop; waronterror; yemen
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1 posted on 06/06/2018 7:54:26 AM PDT by Olog-hai
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To: Olog-hai
“The Obama administration misled the American people and Congress….......

Misled? Cant these people ever use the right word…….Obama LIED to us.

2 posted on 06/06/2018 7:58:39 AM PDT by Liz ( (Our side has 8 trillion bullets;the other side doesn't know which bathroom to use.))
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To: Olog-hai

Has the US ever had a traitor as President?
Yes, from 1/2009 to 1/2017.


3 posted on 06/06/2018 8:00:37 AM PDT by Signalman
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To: Olog-hai

4 posted on 06/06/2018 8:01:27 AM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: Olog-hai

With all of the recent revelations, Zero may want to seriously consider lawyering up.


5 posted on 06/06/2018 8:11:19 AM PDT by Amish with an attitude
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To: Olog-hai

They never thought that Hillary would/could lose.


6 posted on 06/06/2018 8:22:07 AM PDT by Don Corleone (Horse heads work!)
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To: Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; 2ndDivisionVet; azishot; ...

p


7 posted on 06/06/2018 8:36:29 AM PDT by bitt (t\\)
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To: Olog-hai

Obama should be hanging from a light standard..... But he will never be forced to pay for his crimes.


8 posted on 06/06/2018 8:39:17 AM PDT by Minutemen ("It's a Religion of Peace")
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To: Olog-hai
sheds light on the delicate balance the Obama administration sought to strike after the deal, as it worked to ensure Iran received its promised benefits without playing into the hands of the deal’s opponents

What a quaint circumlocution.

What an ugly lie.

The propaganda-spewing Associated Press idiots whose names share the byline, Josh Lederman and Matthew Lee, must have struggled mightily to avoid saying outright that Obama is a serial liar.

These days, that's par for the course for the Associated Press, for whom promotion of leftist ideology by employing deliberate omissions and outright lies is the only 'writing style' that matters.

9 posted on 06/06/2018 8:39:23 AM PDT by Zeppo ("Happy Pony is on - and I'm NOT missing Happy Pony")
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To: Zeppo

The AP was once the gold standard in news gathering.
It was not so long ago...


10 posted on 06/06/2018 8:47:15 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: Olog-hai

Nixon was threatened with impeachment and resigned for LESS


11 posted on 06/06/2018 8:55:45 AM PDT by SMARTY ("Nearly all men can stand adversity...to test a man's character, give him power." A. Lincoln)
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To: Liz
Obama LIED to us.

Indeed he did....


12 posted on 06/06/2018 9:07:30 AM PDT by yoe
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To: yoe

He was born and bred, and rose to power, in the Political Sewers of Chicago.....telling the truth there is not an option.

13 posted on 06/06/2018 9:54:50 AM PDT by Liz ( (Our side has 8 trillion bullets;the other side doesn't know which bathroom to use.))
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To: Olog-hai

Q: Anyone know if any European banks were in on this and, if so, which one or ones?


14 posted on 06/06/2018 11:00:02 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: Olog-hai

https://www.hsgac.senate.gov/subcommittees/investigations/hearings/majority-staff-report_-review-of-us-treasury-departments-license-to-convert-iranian-assets-using-the-us-financial-system

Link to the Senate report.


15 posted on 06/06/2018 11:01:34 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: Olog-hai

Wow. See items 12, 13, 14 on page 7.

And who/what converted the rials?


16 posted on 06/06/2018 11:05:40 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: mewzilla; COUNTrecount

FYI ping.


17 posted on 06/06/2018 11:07:11 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: mewzilla

Also see info on “roadshows” that starts on page 20 of the report...


18 posted on 06/06/2018 11:14:58 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: Olog-hai

Treason.


19 posted on 06/06/2018 11:19:55 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Oldeconomybuyer

If you get a chance, be sure to read the report. Congress can try to cover its butt, but it must’ve known what was going on. And did NOTHING.


20 posted on 06/06/2018 11:24:30 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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