FOXNews.com: US Treasury levies sanctions on key Syrian bank

FOXNews.com FOX News Network - We Report. You Decide. // via fulltextrssfeed.com

US Treasury levies sanctions on key Syrian bank May 30th 2012, 13:35 WASHINGTON –  The Treasury Department is levying sanctions on a key Syrian bank as it seeks to ratchet up economic pressure on President Bashar Assad's regime. Treasury says the Syria International Islamic Bank has been acting as a front for other Syrian financial institutions seeking to circumvent sanctions. The new penalties will prohibit the SIIB from engaging in financial transactions in the U.S. and will freeze any assets under U.S. jurisdiction. The tightened sanctions come as the U.S. grapples for ways to quell deadly violence in Syria and spur a political transition. Treasury says it will also host a meeting in Washington next week of the Friends of Syria working group on sanctions. The meeting, co-chaired by the U.S., Turkey and Qatar, will focus on ways to strengthen sanctions against Assad's regime.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions