Mar 31, 2016

Iran Shouldn’t Have Access to the U.S. Financial System

Washington, D.C. – House Majority Leader Kevin McCarthy (CA-23) released the following statement on reports that the Administration may provide Iran access to the United States’ financial system:

“I am deeply troubled by reports that the Administration may provide Iran with access to the U.S. financial system, either directly or through some offshore mechanism. In September 2015, Acting Undersecretary for Terrorism and Financial Intelligence Adam Szubin said that such relief is not offered under the Iran nuclear agreement. The Financial Action Task Force, a global anti-money laundering and anti-terrorism finance-standards body continues to warn that Iran poses a threat to the international financial system and would pose a threat to the U.S. financial system if they were allowed in. This all seems to stem from Iranian displeasure with the lack of foreign investment following the nuclear deal—which is a direct result of the nature of the regime and its actions abroad in the non-nuclear space. The Administration needs to stop bending over backwards to satisfy the Ayatollahs.”

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