The U.s. Treasury Department Announced That to Impose New Sanctions on Syria
Published by Mohamed Abdel Fattah Hussein on August 12, 2011 in Middle East-
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The U.S. Treasury Department on Wednesday announced that to impose new sanctions on Syria has said it is targeting the financial infrastructure that supports the position of the government of President Bashar al-Assad.
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he U.S. Treasury Department on Wednesday announced that to impose new sanctions on Syria has said it is targeting the financial infrastructure that supports the position of the government of President Bashar al-Assad.
The ministry said it aimed at the Syrian Commercial Bank, a financial institution owned by the state and its branch in Lebanon, Syrian Lebanese Commercial Bank under a presidential order aimed at those responsible for the proliferation of weapons of mass destruction and its supporters.
The decree aims Syriatel’s largest mobile phone operator in Syria under a separate law aimed at Syrian officials and others responsible for human rights violations in Syria.
And freezes the resolution of any funds held by any of these companies in the United States and prohibits U.S. companies and individuals in general to deal with.
David Cohen, Undersecretary of the Treasury for terrorism and financial intelligence said in a statement “by exposing Bank of Syria a large commercial works as an agent for Syrian and North Korean officials involved in the spread of weapons and target the largest Syrian mobile phone operator to being a track and one of the most members of the footnote system corrupt, we are targeting the financial infrastructure that help provide support for activities and activities of the Assad regime is legitimate. “
The Treasury Department said the decision was aimed at the Syrian Commercial Bank to offer financial services to the Syrian Agency for Scientific Research and Tanchon Commercial Bank of North Korea established in 2005 on the list of supporters of the proliferation of weapons of mass destruction.
And Syriatel is owned by Rami Makhlouf, a cousin of Syrian President is a man of large business and one of the elements “close to the regime” and had previously targeted by U.S. sanctions in 2008 and the Treasury Department said that the sanctions against Makhlouf to support corrupt officials of the Syrian regime and profiting from it.
