Six Middle Eastern countries have joined the U.S. in sanctioning an Iranian financial network linked to the Iranian military and Hezbollah, Treasury Secretary Steve Mnuchin said Wednesday.
Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates and U.S. are all part of the Terrorist Financing Targeting Center (TFTC), “a collaborative approach to confronting new and evolving threats arising from terrorist financing,” according to the Treasury Department.
Mnuchin said in a Wednesday statement that he is meeting with officials “from across the region” during his tour of the Middle East to “bolster the fight against terrorist financing” through the TFTC, which was created in May 2017.
“It is a bold effort to expand and strengthen the cooperation amongst seven countries … to counter the financing of terrorism. The TFTC coordinates disruptive actions, shares financial intelligence information, and builds member state capacity to target activities posing national security threats to TFTC members,” Mnuchin continued.
U.S. officials view the collaboration as crucial to continue President Donald Trump’s “maximum pressure” campaign against Iran, the fifth largest oil producer in the world, according to The Wall Street Journal. (Read more from “Six Middle Eastern Countries Join the U.S. in Sanctions Against Hezbollah-Linked Iranian Financial Network” HERE)