Treasury Freezes Assets of Syrian Bank
The Treasury Department said it froze the assets of the Syria International Islamic Bank, pursuant to Executive Order (E.O.) 13382, for acting for or on behalf of the Commercial Bank of Syria and providing services to the Syrian Lebanese Commercial…
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Bank, both of which are subject to U.S. and international sanctions. SIIB actions have Syria’s largest commercial bank to circumvent sanctions against it by the U.S., the EU and the Arab League, Treasury said.