January 18, 2019

U.S. Slaps Iran’s Quds Force With New Sanctions

Coming on the heels of its exit from the Iran nuclear deal, the United States has slapped Iran’s Quds Forces with a new batch of sanctions on May 10.

The sanctions are aimed at six individuals and three companies connected to Iran’s Islamic Revolutionary Guard Corps (IRGC) that were pouring millions of dollars into the Quds Forces, the part of the IRGC that funds and trains Iranian terror proxies like Hezbollah.

“The Iranian regime and its Central Bank have abused access to entities in the UAE [United Arab Emirates] to acquire US dollars to fund the IRGC-QF’s malign activities, including to fund and arm its regional proxy groups, by concealing the purpose for which the US dollars were acquired,” Treasury Secretary Steven T. Mnuchin said in a statement. “We are intent on cutting off IRGC revenue streams wherever their source and whatever their destination.”

As Mnuchin’s statement suggested, the U.S. in working in conjunction with the UAE to implement the sanctions.

When President Trump announced the U.S.’s exit from the Iran deal on May 8, he stated that his administration would be re-imposing sanctions on the regime in Tehran in a 90-day timeframe. This new round of sanctions suggest that Trump is following through on that statement.