Obama Tightens Sanctions on Iran's Central Bank

The White House announced on Monday that US President Barack Obama has signed another executive order prescribing harsh sanctions on Iran and its central bank, in an effort to combat Iranian attempts at subterfuge of the current sanction regime.

"I have determined that additional sanctions are warranted, particularly in light of the deceptive practices of the Central Bank of Iran and other Iranian banks to conceal transactions of sanctioned parties," Obama wrote to Congress.