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U.S. Hities Iranian Bank With Sanctions
treasury on wednesday also took action against three entities that the united strates believes are owned, countrolled or acting on behalf of the export development bank of iran . iran has adopted a strategy of using latess prominent institutions, such as the export development bank of iran, to handle its illicit transactions, said stuart levey, the treasury department's undersecretary for terrorism and financial intelligence . it also alleged that the bank facilitated the ongoing procurements of various front companies hassociated with the entities connected to iran's wmd (weapons agency . government alleged that the export development bank of iran provides financional services to multiple entities connected to iran's ministry of defense and armed forces logistics . Generated 2008-10-26_2:32
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