Analysis by: PMOI/MEK
May 16, 2018 - The U.S. Treasury Department recently blacklisted Valiollah Seif, head of the Iranian regime’s Central Bank, for supporting terrorism.
All the while, it has been months since thousands of credit firm clients who’s savings have been plundered by Seif and other senior Iranian regime officials, have been holding daily rallies outside these institutions demanding their money returned.
Caspian Credit Firm clients in Rasht, northern Iran, held a rally outside the city’s main branch on Tuesday. These angry protesters were demanding their money returned.
On Monday, Caspian clients in Mashhad, northeast Iran, held a rally outside a branch in the city’s Vakil Abad Boulevard, protesting their savings being stolen. They raised a large banner written, “We expect justice.”
The first step on the justice they are seeking can be seen in the sanctioning of Seif as a terrorist supporter. These protesters were also seen chanting, “Our savings’ security is our right.”
The U.S. Treasury Department’s statement mentions Mohamed Jafar Qoseyr as the Lebanese Hezbollah representative who, in cooperation with Iran’s Revolutionary Guards (IRGC), transferred money from Iran to the group. He is now the target of secondary sanctions.
Sanctioning and blacklisting the head of a country’s Central Bank is one step prior to sanctioning the entire entity. This initiative began on November 4th, 2017. Of course, the Iranian regime’s Central Bank is already under U.S. money laundering sanctions. What is scheduled to return very soon are secondary sanctions that will fine any non-American individual or entity for establishing relations with Iran’s Central Bank.
The U.S. Treasury Dept. refused to wait the 180 days initially intended and by blacklisting Seif one is witnessing Washington’s seriousness in its new line on the Iranian regime. Sanctioning the Central Bank itself will literally cripple the Iranian regime’s government transactions.
Less than one week ago the U.S. also blacklisted nine new Iranian individuals and entities.
These individuals and entities were involved in a large currency network providing finances for the IRGC, according to U.S. Treasury Secretary Stephen Mnuchin.
This network exchanged hundreds of millions of dollars into other currencies and the Iranian regime’s Central Bank was also involved in this regard.
Who is Valiollah Seif?
Seif was born in 1952 in the city of Nahavand, western Iran, and began his work in economics first in 1981.
For two years, from 1981 to 1983, Seif was appointed as the “Financial Director and a Member of Iran’s Industrial Renovation & Expansion Organization Board of Directors.” For the next two years he served as the “Deputy Economy & Planning Director of the Mostazafan Foundation.”
In 1983, Seif was for the first time appointed as Board of Directors Chairman at Iran’s Mellat Bank.
A 1995 embezzlement case involving $46.8 billion took place while Seif was head of Mellat Bank.
Iranian regime president appointed Seif as Central Bank chief back in 2013.