September 23, 2010
- A d v e r t i s e m e n t
Iran’s government faces yet another new round of sanctions. “CISADA” – the Comprehensive Iran Sanctions Accountability and Divestment Act – was signed by U.S. President Barak Obama in July, and is scheduled to go into effect by September 29.
For more than 30 years the United States has led the charge in sanctions against Iran, justifying them most recently by its suspicions about Iran’s nuclear program. Every Iranian leader from Ayatollah Ruhollah Khomeini to Hashemi Rafsanjani has endured round after round of sanctions ‚Ä¶ only to remain defiant in the face of Western influence. Loopholes have enabled commercial trade to continue but those loopholes now appear to be tightening.
Undersecretary of the U.S. Treasury Stuart Levey leads the office tasked with cutting the lines of financial support to international terrorists, Weapons of Mass Destruction proliferators, and other threats to national security. At a Washington news conference, Levey linked the new sanctions against Iran to homeland security in the United States.