The US Department of Treasury has sanctioned 20 banks owned by the Government of Iran for supporting Iranian nuclear and missile programs or terrorism, Trend reports.
Among the sanctioned banks is the Refah bank which in the recent years has been facilitating millions of dollars for weapons-related purchases by MODAFL, says the statement of the Treasury Department.
The sanctioning of the Iranian banks corresponds with the freezing of the assets of proliferators of mass destruction weapons and their promoters. Both actions are aimed at isolating then from the US financial and commercial systems.
The MODAFL oversees the Iranian ballistic missile program and provides support to the Iranian Islamic Revolutionary Guard Corps.
