He's being named a "specially designated global terrorist." Treasury Secretary Steven Mnuchin (mih-NOO'-shin) says Seif "covertly funneled" money from the Iran's Revolutionary Guards through al-Bilad Islamic Bank in Iraq to help Hezbollah. The Iraqi bank and its chairman 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.
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