On May 15, 2018, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Governor and a senior official of the Central Bank of Iran, along with an Iraqi bank, Al-Bilad Islamic Bank, and its Chairman and Chief Executive, and a Hizballah official.

The officials were designated as “Specially Designated Global Terrorists (SDGTs) pursuant to Executive Order (E.O.) 13224, which targets terrorists and those providing support to terrorists or acts of terrorism.” Under OFAC rules, these designations are designed to “prohibit or impose strict conditions on the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution that knowingly facilitates a significant transaction for designated agents or affiliates of the [Iranian Revolutionary Guard Corps] or persons designated pursuant to E.O. 13224 in connection with Iran’s support for international terrorism or E.O. 13382 in connection with Iran’s proliferation of weapons of mass destruction and their means of delivery.”

The Treasury Department’s press release may be found here:

https://home.treasury.gov/news/press-releases/sm0385

OFAC’s Specially Designated Nationals and Blocked Persons List may be found here:

https://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx