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Still, the steep sanctions come as a surprise, given the bank's cooperation with investigators.
This year the central government passed legislation outlining steep sanctions and suspensions for leaders who fail to comply with the orders of the constitutional court, with the aim of quelling defiance.
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The announcement added to economic pressures confronting Iranians because of the sanctions, which have contributed to steep inflation and caused shortages of foreign goods.
The unwritten charter of this particular club involves a brand of intellectually sanctioned music steeped in serialist tradition and complex atonal theory.
Strikingly, Tehran experienced a steep rise in costs over the past five years as economic sanctions began to bite.
But such a move would also concede the sanctions' severe inflationary impact, which has caused a steep fall in the value of the Iranian currency this past year.
In all, the rouble has sunk by more than 40% this year as Russia has been buffeted by sanctions over its role in the Ukraine crisis and steep falls in the oil price.
The deteriorating situation in Ukraine has sparked fears of emboldened territorial ambitions by Russia, and caused the steepest drop in East-West relations since the Cold War, prompting economic sanctions from both Washington and Moscow.
A government such as the Islamic Republic, steeped heavily in notions of anti-imperialism, can always rely on painting human rights sanctions as American intrusions into an independent state's affairs.
Sanctions for these buyers, such as having their names publicly exposed, as well as steep fines, and even token prison terms might work.
Iran sanctions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com