Washington imposes sanctions on Syrian state-owned bank
By Agence France Presse (AFP)
Saturday, March 11, 2006
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The U.S. Treasury Department has imposed sanctions on the state-owned Commercial Bank of Syria Thursday, requiring American financial institutions to sever any links with the bank. The department said in a statement that the Commercial Bank of Syria "has been used by terrorists" to move funds and has laundered money from the "illicit sale of Iraqi oil."
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