Time for answers since this is taxpayer money!
So why did some Treasury officials move to obfuscate, if not launder, the money that Obama wanted delivered to the mullahs in Iran? Why did Treasury participate in a quid pro quo or act of bribery? Why would they engage in subsequent deception and cover-up?
The short answer is Treasury willfully became blind and politicized. It wasn’t just the Department of Justice and John Brennan’s CIA that were sullied during the Obama administration.
In 2018, columnist Mark Theissen discussed some of Treasury’s suspicious activities in his article, “Obama took Lying to New Heights with the Iran Deal.”
•Obama failed to disclose to Congress secret side deals on inspections when he transmitted the nuclear accord to Capitol Hill.
•Treasury secretly tried to help Iran use U.S. banks to convert $5.7 billion in Iranian assets, after promising Congress that Iran would not get access to the U.S. financial system. Treasury officials then apparently lied to Congress about what the administration had done.
•Senate investigators found that the Treasury Department “granted a specific license that authorized a conversion of Iranian assets worth billions of U.S. dollars using the U.S. financial system” including unlimited future Iranian deposits at Bank Muscat in Oman until the license expired.
•After issuing the license, Treasury explicitly denied to Congress that it had done so.
•Treasury’s Office of Foreign Assets Control (OFAC) “encouraged two U.S. correspondent banks to convert the funds.” Senate investigators found “both banks declined to complete the transaction due to compliance, reputational, and legal risks associated with doing business with Iran.”
•In response to Congressional inquiries, Treasury officials declared “The U.S. Department of Treasury is not working on behalf of Iran to enable Iranian access to U.S. dollars elsewhere in the international financial system, nor are we assisting Iran in gaining access to dollar payment systems outside the U.S. financial system. The Administration has not been and is not planning to grant Iran access to the U.S. financial system.” The facts contradict Treasury’s statement.
•Treasury participated in approximately 200 international “roadshows” where it encouraged foreign financial institutions to do business with Iran “as long as the rest of the world left the United States out of it.”
The Obama administration also signed a secret document lifting sanctions on two Iranian state banks that were previously blacklisted for their involvement in financing Iran’s ballistic missile program. This occurred the same day Tehran released four American prisoners. In prior years, Treasury was vehemently opposed to the same banks for their alleged role in financially backing Iran’s missile program.