From The New American
''The latest executive order
(EO) emanating from the White House October 9 now claims the power to
freeze all bank accounts and stop any related financial transactions
that a “sanctioned person” may own or try to perform — all in the name
of “Iran Sanctions.”
Titled an “Executive Order from the President regarding Authorizing
the Implementation of Certain Sanctions…” the order says that if an
individual is declared by the president, the secretary of state, or the
secretary of the treasury to be a “sanctioned person,” he (or she) will
be unable to obtain access to his accounts, will be unable to process
any loans (or make them), or move them to any other financial
institution inside or outside the United States. In other words, his
financial resources will have successfully been completely frozen. The
EO expands its authority by making him unable to use any third party
such as “a partnership, association, trust, joint venture, corporation,
subgroup or other organization” that might wish to help him or allow him
to obtain access to his funds.''
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