March 6, 2012 | Quote

Congress Prepares to Go After All Iranian Banks

Mark Dubowitz, executive director of the Foundation for the Defense of Democracies, a conservative policy organization in Washington, told The Cable that the new measures were necessary to prevent the Iranian regime from simply changing its banking tactics to focus on banks not yet sanctioned.

“Money is like water; it searches for cracks in a foundation exploiting even hairline cracks that provide an entry point,” he said. “Existing cracks in sanctions laws are leaving entry points to the global financial system for scores of unsanctioned Iranian financial institutions. This allows the Iranian regime to shift its transactions to those still allowed access and to freely move money through the global financial system.”

Read the full article here.


Iran Iran Sanctions