Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
US tells banks to guard against Iranian activity
Thursday - 1/10/2013, 10:48am EST
WASHINGTON (AP) - The Obama administration wants U.S. banks to enhance monitoring of exchange houses in the Middle East and elsewhere for Iranian attempts to evade economic sanctions.
The Treasury Department says Iran is gaining access to the American financial system through the loophole of exchange houses and trading companies in countries not subject to U.S. sanctions.
The department says it has identified transactions that conceal Iranian companies and account holders, including people designated under U.S. sanctions law.
It said Thursday that U.S. banks don't need to close accounts held by exchange houses. But they should be diligent about where funds come from.
Washington is stepping up pressure on Iran over its nuclear program. The U.S. fears Iran may be trying to develop nuclear weapons; Iran says its program is for energy production.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)