President Trump turns the sanctions screw on Iran

US sanctions six Iranians who exchanged ‘hundreds of millions’ of dollars via Emirates

It has been estimated that despite sanctions in place prior to the deal, at least $1bn in cash was smuggled into Iran through front companies in Dubai, in the United Arab Emirates and Iraq.

In the first such action since US President Donald Trump withdrew from the Iran nuclear accord on Tuesday, the Treasury announced sanctions against six Iranian individuals and three companies tied to the IRGC who were part of the network, which it said handled "hundreds of millions" of dollars in exchange transactions.

Trump told his supporters at a rally in the state of in on Thursday that the U.S. can not allow Iran to have nuclear weapons.

Mnuchin accused "the Iranian regime and its Central Bank" of misusing banking access in the UAE to acquire U.S. dollars to fund the IRGC-QF's "malign activities, and to arm its "regional proxy groups".

It also accused Iran's central bank of helping the group - the Quds Force - access USA dollars held in foreign banks to sidestep Western sanctions.

The Treasury also singled out Iran's central bank as "complicit" in the IRGC operation, alleging the bank gave the operation access to funds held in offshore bank accounts.

San Diego chosen to take part in federal drone testing program
As of May 4, there were 1.1 million registered drones in the USA and more than 90,000 registered drone operators, she said. Drones will be operated beyond visual line of sight of operators, and pilots will be alerted to the presence of drones.

Twitch Prime subscribers get another batch of free Fortnite loot
If you're an Amazon Prime member , then you also have access to Twitch Prime. After that, you'll just have to hope they do a Twitch Prime Pack #3.

104 year old Australian Scientist David Goodall ends his Life
Only a handful of countries have legalized assisted suicide or euthanasia, including Belgium, Luxembourg, and the Netherlands. An Australian scientist, whose recent journey to Switzerland to end his own life made worldwide headlines, has died.

He said the Iranian regime and its Central Bank have abused access to entities in the UAE to acquire U.S. dollars to fund Iran's elite military force, the Revolutionary Guard Corps.

The crackdown comes as US Secretary of State Mike Pompeo pushes allies in Europe, Asia and the Middle East to pressure Iran to return to negotiations over its nuclear and missile programs.

The president's decision has given grace periods of 90 days to six months for companies to wind down their trade with Iran.

Beginning Aug. 7, the USA will impose sanctions on the purchase or acquisition of US dollar banknotes by Iran's government, the Treasury Department said.

The agreement was made by Iran and the USA, the UK, Russia, France, China, Germany and the European Union to ensure Iran's nuclear programme was "exclusively peaceful".

Britain, Germany and France have urged the United States not to take steps that would make life harder for other countries that still want to stick to the Iran nuclear deal.

Related news:

Hot News

isis-killer-beheading-video-story-top Facebook ads sought to dupe Americans into following Russian accounts
May 11, 2018 - 13:22
Accounts like United Muslims of America urged viewers in NY in March 2016 to "stop Islamophobia and the fear of Muslims". The trove of ads released Thursday appears to back the assertion that the Russians wanted to hurt Clinton.

isis-killer-beheading-video-story-top EA Reiterates that Anthem Will Launch Early 2019
May 11, 2018 - 13:12
People voiced some concerns after Hudson said in a previous update 'Anthem' is "a story you can experience with friends", he said. Blake also pointed out that players want fresh content and more depth from their favorite games.

isis-killer-beheading-video-story-top 'Most Wanted' ISIS Commanders Captured in Cross-Border Sting Operation
May 11, 2018 - 13:09
The news comes just after Islamic State militants re-pledged their loyalty to the group's leader Abu Bakr al-Baghdadi last month. The ISIS leaders who were apprehended do not include al-Baghdadi, a senior US official confirmed to CBS News' Margaret Brennan.

Caught in US-Iran crossfire, India to work around curbs
May 11, 2018 - 13:04
Currently, Iran has been relegated to the third place, with the UAE and Iraq coming up as the larger crude oil suppliers to India. Bilateral trade between the two nations has increased to 12.9 billion dollars in 2016-17 from US$9 billion in the previous year.

isis-killer-beheading-video-story-top Nissan Unveils Star Wars-Themed Rogue SUV at "Solo" World Premiere
May 11, 2018 - 12:52
For the 2016 premiere of " Rogue One: A Star Wars Story", an X-wing Starfighter marked its spot on the street. Alden Ehrenreich is super impressive as Han, but L3 might be my favourite new character.

isis-killer-beheading-video-story-top Russian Federation calls for restraint from Iran, Israel after missile strikes
May 11, 2018 - 12:33
The IAEA spends EUR9.2 million on this work per year, of which EUR4.1 million are now funded by the agency's regular budget. Both the countries confirmed adherence to the agreement, the statement added.

isis-killer-beheading-video-story-top Iran targets Israeli bases across Syrian frontier
May 11, 2018 - 12:12
Trump knows that his political base in the USA loathes the idea of American involvement in yet another war in the Middle East . Iranian media described the Israeli attack as "unprecedented", but there was no official Iranian comment on Israel's claims.

isis-killer-beheading-video-story-top Boeing CEO Downplays Impact of Trump Canceling Iran Licenses
May 11, 2018 - 12:10
It's also possible that nixing the deal pushes up oil prices, padding coffers in countries like Saudi Arabia, Qatar and Kuwait. Iran President Hassan Rouhani mirrored the sentiment, saying he was happy to do business with the other partnering countries.

isis-killer-beheading-video-story-top Carrie Underwood has 'team of professionals' to mask face injury
May 11, 2018 - 11:56
She was rushed to the hospital, where she recovered away from the public eye. "Thanks so much for all the well wishes everybody... Alicia Keys did a rendition of it, so I did her version and I hope I made Prince very proud.

isis-killer-beheading-video-story-top Ludlow-born Jonny Hill named in England rugby squad
May 11, 2018 - 11:51
England's selection of uncapped flanker Brad Shields has not gone down well in New Zealand, The Guardian reports. He's a gritty player, a great back up to Chris Robshaw for us".

isis-killer-beheading-video-story-top SpaceX rocket launch scrubbed at last minute
May 11, 2018 - 11:49
The "block 5" version of the craft features a number of design changes the company claims will improve performance and safety. The company was planning to test out the newest version of the reusable Falcon 9 from NASA's Kennedy Space Center in Florida.

isis-killer-beheading-video-story-top New California homes required to have solar panels
May 11, 2018 - 11:43
President Donald Trump slapped tariffs on solar equipment imported into the U.S.in January, and that could mute some short-term gains.

isis-killer-beheading-video-story-top Jose Mourinho Gives Clear Indication of Summer Clear Out
May 11, 2018 - 11:36
Mourinho will make changes this summer as he attempts to close the gap between United and champions Manchester City. Especially so after the abysmal showing at Brighton & Hove Albion, a 1-0 loss, last Friday .

isis-killer-beheading-video-story-top First Pictures: Cannes Film Festival Premiere Red Carpet Arrivals
May 10, 2018 - 03:26
Penelope Cruz , director Asghar Farhadi and Javier Bardem at a Cannes photocall Wednesday for their film, 'Everybody Knows '. Huma Qureshi, who joined the league this year, has also left us stunned with her first appearance at the film festival.

isis-killer-beheading-video-story-top DOJ Aims To Prosecute '100 Percent' Of Illegal Border Crossings
May 10, 2018 - 03:03
His remarks Monday appeared to signal that federal prosecutors will make this a higher priority. "It's that simple", he said. Crossing the border illegally is a misdemeanor punishable by up to six months in prison for a first-time offender.