Iran banks that help terror will see sanctions reimposed, says US official

Iranian banks enjoying sanctions relief under the July nuclear deal would find US sanctions reimposed if Washington discovers they were supporting Hezbollah or the Iranian Revolutionary Guard Corps’s Quds Force, the US says.

Adam Szubin, an official with the US Treasury Department, makes the promise in testimony Thursday to the Senate Banking Committee, Reuters reports.

“We’ll have to see how they behave, but the choice will be theirs,” Szubin says.

The hearing is meant to confirm Szubin as the new under secretary of the treasury for terrorism and financial intelligence.

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