World Bulletin/News Desk
The United States blacklisted an exchange house and a trading company based in the United Arab Emirates on Wednesday, saying they had dealt with Iranian banks that Washington has declared off limits.
The U.S. Treasury Department said Al Hilal Exchange and Al Fida International General Trading had provided financial services to Iran's blacklisted Bank Mellat.
The U.S. Treasury's action bars U.S. individuals and companies from dealing with the two UAE-based firms, effectively cutting them off from the U.S. financial system, and requires the freezing of any assets the companies may have under U.S. jurisdiction.
In addition, it also exposes them to the possibility of criminal penalties, ranging up to 20 years in prison, $500,000 in fines for a corporation and $250,000 for an individual. Civil penalties of up to $50,000 per violation may also be imposed administratively.
Meanwhile, U.S. Under-Secretary of State Wendy Sherman told U.S. lawmakers Iran's unelected Guardian Council were using "vague criteria" to eliminate potential candidates for the country's June 14 presidential poll.
"Without a transparent process, it is difficult for us to say whether Iran's elections will be free, fair, or represent the will of the Iranian people," Sherman told the Senate Foreign Relations Committee in testimony prepared for delivery.
"We take no sides in Iran's presidential election," she said. "But we do call on the Iranian authorities to conduct a free and fair election that not only conforms to international standards of transparency and accountability but is just and represents the will of the Iranian people."Last Mod: 15 Mayıs 2013, 17:28