The US Treasury has imposed fresh sanctions on several Iranian individuals and entities in the wake of President Donald Trump's decision to withdraw Washington from the 2015 nuclear deal.
The US Treasury Department said in a statement on its website Thursday that it had sanctioned six people allegedly tied to the Quds Force of the Islamic Revolution Guards Corps (IRGC) and three Iranian entities.
The Treasury also said it was working with the UAE to disrupt a network that was purportedly transferring millions of dollars to the Quds Force, accusing Iran's central bank of helping the group access US dollars held in foreign banks.
United States and United Arab Emirates disrupt large scale currency exchange network transferring millions of dollars to Iran’s Islamic Revolutionary Guard Corps-Qods Force: https://t.co/vyPv9F3ICG Exchange Network CHART: pic.twitter.com/nPUR3B455o
— Treasury Department (@USTreasury) May 10, 2018
Trump triggered international condemnation late Tuesday, when he announced that the US was walking away from the Iran nuclear accord, which is officially known as the Joint Comprehensive Plan of Action (JCPOA).
Trump also said he would reinstate US nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic.
Iran has said it will remain in the JCPOA for now, pending negotiations with the other signatories in the coming weeks before making a final decision on its future role in the agreement.
The deal, which was reached between Tehran and six world states following a decade of negotiations, put limitations on parts of Iran's nuclear program in exchange for removing all nuclear-related sanctions.