A senior Treasury Department official called Iran “the central banker of terrorism” in testimony Tuesday before the Senate Finance Committee, the Fox News reported from Washington on April 1.

Outlining some of what Iran is doing, Treasury Under Secretary for Terrorism and Financial Intelligence Stuart Levey said Iran “uses its global financial ties and its state-owned banks to pursue its nuclear and ballistic missile programs, and to fund terrorism.”

He also told lawmakers that Iran uses front companies and “cut-outs” to “engage in ostensibly innocent transactions that are actually related to its nuclear missile programs.”

“We’ve seen Iran’s banks request other financial institutions take their names off of transactions when processing them in the international financial system. This practice, which is even used by the central bank of Iran, is intended to evade the controls put in place by responsible financial institutions and has the effect of threatening to involve those financial institutions in transactions that they would never engage in if they knew who or what was really involved,” Levey said.

The most shocking part of his report was funding Hezbollah in Lebanon by Iran by an amount of 100 to 200 millions of Dollars annually.