US Slaps Iran, Central Bank With New Sanctions

Law360, New York (February 6, 2012, 4:36 PM EST) -- President Barack Obama on Monday imposed a new round of sanctions freezing Iranian assets, including those in the Central Bank of Iran, in the latest attempt by the U.S. to force Iran to shut down the country’s widely condemned nuclear program. 

In an executive order that went into effect at midnight, Obama instructed all assets of the Iranian government and its financial institutions that are within U.S. jurisdiction to be frozen. 

“I have determined that additional sanctions are warranted, particularly in light of the deceptive practices...
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