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CSPAN2 Key Capitol Hill Hearings June 22, 2024

To disrupt the flow of funds to Illicit Networks around the world, and this is one of those things thats going to stay in place. And all of those entities, iranian or otherwise, that were designated for their support of any terrorist organization are going to stay sanctioned. That includes banks designated for those reasons, one an iranian bank that was related to hezbollah financing. Theyre going to stay sanctioned. Now, the real powerful aspect of this is part of these sanctions that were imposed under the comprehensive iran sanctions accountability and divestment act, the bill passed by congress in 2010, that bill said if you are a foreign bank and you do business one of these people on our list, if you help them transit money to, from iran to lebanon or any other place or even from iran to london for completely peaceful activity, doesnt matter, it can get cut off the from the
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