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U.S. Backs EU Iran Sanctions Push, Warns Firms Against Tehran Trade
(Reuters) William James - Sigal Mandelker, U.S. Undersecretary of the Treasury for Terrorism and Financial Intelligence, said Tuesday in London that sanctions were an important part of a comprehensive effort to counter Iran's "malign activity" in the region. "We understand that the EU...is considering new Iran-related sanctions. This is a good and important step that we support." "We say any companies thinking about doing business in Iran or with Iranian companies face serious risks that they will be doing business with those, like the IRGC (Islamic Revolutionary Guards Corps), supporting terrorism and instability throughout the world." Mandelker cited a continued lack of transparency in the Iranian banking system. "The onus of responsibility lies in Iran and we're going to continue to highlight the risks of doing business there because they haven't taken the actions that they have promised they would take."