NEW U.S. SANCTIONS ON IRAN

"The Bush administration announced... new sanctions against Iran... accusing the elite Quds division of the Revolutionary Guard Corps of supporting terrorism.... The immediate legal consequence... will make it unlawful for anyone subject to United States jurisdiction to knowingly provide material support or resources to it... Any United States financial institution that becomes aware that it possesses, or has control over, funds of a foreign terrorist organization would have to turn them over to the Treasury Department... the larger point of the designation would be to... persuade foreign governments and financial institutions to cut ties with Iranian businesses and individuals. "
http://www.nytimes.com/2007/10/25/world/middleeast/25cnd-iran.html?_r=1&hp&oref=slogin