UAE, US act jointly to disrupt funding to elite Iran group


He said the Iranian regime and its Central Bank have abused access to entities in the UAE to acquire United States dollars to fund Iran's elite military force, the Revolutionary Guard Corps.

The Treasury Department said one of the companies sanctioned was also involved in retrieving oil revenue from foreign bank accounts held by the Iranian central bank for IRGC-QF activities.

Jafari said the withdrawal of the United States showed that the issue of Iran's uranium enrichment had just been an excuse to try and limit the Islamic Republic's missile programme and regional influence, Fars News reported. IRGC-QF is described as "an elite unit in charge of the IRGC's overseas operations".

When President Trump announced the U.S.'s exit from the Iran deal on May 8, he stated that his administration would be re-imposing sanctions on the regime in Tehran in a 90-day timeframe.

Under the deal, Iran agreed to curb its enrichment of uranium and other nuclear development in exchange for the lifting of sanctions.

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He then said pre-existing U.S. sanctions on Iran would be reinstated, telling reporters: Powerful sanctions will go into full effect.

"Perhaps the biggest diplomatic challenge Trump would face in reinstituting sanctions on Iran is convincing buyers of Iranian oil to reduce their purchases", said Harrell, also a lawyer who advises on sanctions compliance.

Iranian President Hassan Rouhani had warned his country could resume uranium enrichment "without limit" but would refrain from doing so for now.

The IDF said fighter jets struck 70 military targets belonging to Iran inside Syria, causing significant damage.

Trump triggered worldwide condemnation late Tuesday, when he announced that the U.S. was walking away from the Iran nuclear accord, which is officially known as the Joint Comprehensive Plan of Action (JCPOA).