Washington must not aid and abet Iranian money laundering: US Congressman

Ed Royce
Ed Royce

US Congressman Ed Royce

US Congressman Ed Royce has called on the Obama administration not to provide Iran with any additional concessions following the nuclear deal, warning that Tehran is seeking to get access to the US financial system “in return for nothing.”

In an op-ed published in the Washington Post, Royce, who is Chairman of the House Foreign Affairs Committee, called on Washington to explicitly close the door to Iran gaining access to US dollars through offshore clearinghouses which would, in effect, allow Tehran to launder dollars.

“This is an alarming departure from the Obama administration’s position just months ago. Indeed, when selling the nuclear deal to the American people last year, the administration repeatedly stressed to Congress that key terrorism, missile and human rights sanctions against Iran would continue to be vigorously enforced,” Royce, a Republican, wrote.

“Allowing a belligerent Iran access to the U.S. dollar poses real dangers to our country and economy. In February, the Financial Action Task Force — an organization comprising nearly 40 nations — warned that it is “exceptionally concerned about Iran’s failure to address the risk of terrorist financing and the serious threat this poses” to the world’s financial system. That’s why I’m working with colleagues on both sides of the aisle on legislation to put in place strict statutory prohibitions to keep Iran from receiving the benefits of accessing the U.S. financial system,” he added.

“Iran has seen what Obama will do to preserve his nuclear deal, and it’s taking full advantage. The United States cannot cave again. Congress should make clear that until the Iranian regime drops its illicit missile program and funding of terrorism, it won’t receive another dime of sanctions relief,” the op-ed concluded.


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