The Treasury Department Officials Encouraged Banks to Violate the Law
by Ted Poe on June 18, 2018 at 11:09 AM
It appears the past Administration would stop at nothing to boost Iran’s economy, even if it meant violating the law. For years, we imposed sanctions on Iran restricting the Ayatollah’s access to American financial institutions and to the U.S. Dollar.
During the Iran deal negotiations, we received repeated assurances from senior officials at the U.S. Department of the Treasury that the U.S. would not give the Ayatollahs access to the dollar. But this week, a Senate report indicated that this was a bold-faced lie.
Behind closed doors, the Treasury Department deliberately attempted to violate U.S. law. In early 2016, the Obama Administration secretly issued a license to let Iran sidestep U.S. sanctions so that it could convert billions in frozen assets through an American bank.
Luckily, American banks refused and instead decided to comply with U.S. law. These former officials must be held accountable for trying to convince American banks to skirt U.S. law on behalf of a state sponsor of terrorism. Justice must be served.
And that’s just the way it is.