October 15, 2008 Under Sec Levey Statement on Australia's Washington, "The U.S. Government welcomes the Australian government's imposition of financial and travel sanctions on individuals and entities involved in "Australia's actions are consistent with United Nations Security Council Resolutions on Iran, including UNSCR 1803, which calls on Member States to exercise vigilance over activities between their financial institutions and all banks domiciled in Iran, and in particular Banks Melli and Saderat. "Further, these actions are consistent with guidance from the Financial Action Task Force (FATF), which has already issued three statements warning that the deficiencies in "The Iranian people are paying the price for the regime's isolating behavior and economic mismanagement. Iranian businesses have been cut off from the international financial system and the Iranian economy is burdened with spiraling unemployment and an inflation rate approaching 30 percent. "As the world continues to stand united against -30-
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