U.S. Hits Alleged Iranian Terror Front

The Bush administration moved Wednesday to clamp down financially on a New York City business suspected of acting as a front company for Iran's Bank Melli, which has been accused of providing support to Iran's nuclear program.

"This scheme to use a front company set up by Bank Melli - a known proliferator - to funnel money from the United States to Iran is yet another example of Iran's duplicity," said Stuart Levey, the Treasury Department's under secretary for terrorism and financial intelligence.

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