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US hits head of Iran's central bank with terror sanctions

AP  |  Washington 

The is designating the of as a terrorist and hitting him with sanctions intended to further isolate from the global financial system.

The Treasury Department accuses of helping transfer millions of dollars to Hezbollah, the Iran-backed militant group. Seif is the of the

He's being named a "specially designated global terrorist." (mih-NOO'-shin) says Seif "covertly funneled" money from the Iran's Revolutionary Guards through al-Bilad in to help Hezbollah. The Iraqi bank and its is also being punished with sanctions.

The US says it's also imposing so-called secondary sanctions on Seif. That means anyone who does business with him could be cut off from the U.S. financial system.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 21:05 IST