US imposes sanctions against Iran central bank governor, Iraq-based bank
Updated : May 16, 2018 06:32 AM IST
US Treasury Secretary Steven Mnuchin said Seif covertly funneled millions of dollars on behalf of the IRGC through Al-Bilad bank "to enrich and support the violent and radical agenda of Hezbollah."
The United States classifies Lebanon's Shi'ite Muslim movement Hezbollah, which is backed by Iran, as a terrorist group.
The US Treasury also blacklisted Ali Tarzali, assistant director of the international department of Iran's central bank, and the chairman of Al-Bilad Islamic Bank, Aras Habib.