US imposes sanctions on Iraq-based affiliate of Iran's Guard

The Trump administration is imposing sanctions on an Iraq-based affiliate of Iran's Revolutionary Guard.

"The Iraqi financial sector and the broader international financial system must harden their defenses against the continued deceptive tactics emanating from Tehran in order to avoid complicity" in the Guard's "ongoing sanctions evasion schemes and other malign activities," Treasury Secretary Steven Mnuchin said in a statement.

The administration last month designed the Guard as a foreign terrorist organization, which makes providing it with material support illegal under U.S. law.

The new actions freeze any assets that the targets may have in U.S. jurisdictions and bar Americans from doing business with them.