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A Sepah Bank branch in Tehran (file photo) (Fars)
January 11, 2007 -- Iran's state-owned Sepah Bank today rejected U.S. charges that it helped finance Iranian weapons programs, and vowed that a U.S. Treasury move to blacklist it will not disrupt its activities.
The U.S. Treasury Department has banned all transactions between Sepah Bank and U.S. businesses, accusing the bank of supporting Iranian weapons proliferation.
In today's statement on the bank website, Sepah has assured its clients that there will be "no disturbance in its domestic and overseas services."
U.S. authorities had also said that any Sepah Bank assets under U.S. jurisdiction had been confiscated.
Treasury Department Undersecretary for Terrorism and Financial Intelligence Stuart Levey described Sepah's activities as having aided Iran's pursuit of missiles capable of delivering weapons of mass destruction.
Washington has repeatedly accused Tehran of secretly trying to develop nuclear weapons -- a charge that Iranian officials have consistently denied.