Free Republic

U.S. slaps sanctions on Iranian bank over missile programs (Kyodo) _ The Treasury Department said Tuesday it has cut off Iran's state-owned Bank Sepah from access to the U.S. financial system for its alleged support for developing missiles. The sanctions, issued under a presidential executive order aimed at freezing the assets of proliferators of weapons of mass destruction and their supporters, prohibit the bank's any transactions in the United States and freeze any assets it may have under U.S. jurisdiction. "Bank Sepah is the financial linchpin of Iran's missile procurement network and has actively assisted Iran's pursuit of missiles capable...