U.S. Secretary of State Marco Rubio on Thursday announced sanctions against the Cuban communist regime’s BICSA bank for providing services to Iran’s Karafarin Bank, a U.S.-sanctioned entity.
\n\nBICSA, or Banco Internacional de Comercio S.A. (“International Commerce Bank S.A.”), is a Havana-based bank founded by the Castro regime in 1993 with the stated goal of functioning as a financial institution focused on imports and exports, in addition to other banking-related services.
\n\nIn an official press statement, Rubio detailed that BICSA has provided services to Iran’s Karafarin Bank since at least 2022. Karafarin is one of 18 major Iranian banks sanctioned by the United States in October 2020 during President Donald Trump’s first term as part of an effort to stop illicit access to U.S. dollars.
\n\n“President Trump has been absolutely clear: under his administration, the United States will not tolerate terrorism, organized crime or extra-hemispheric forces spreading anti-American influence in our region,” Rubio said. “For too long, Communist Cuba has been allowed to operate as an outpost for malign actors and terror groups – including the Islamic Republic of Iran, the world’s number one state sponsor of terrorism – to target the United States.”
\n\nCuba is a U.S.-designated State Sponsor of…
Original source: https://www.breitbart.com/latin-america/
