US Treasury Dept imposes new Iran-related sanctions on 2 individuals and a company in Iraq

The US Treasury Department announced sanctions on Wednesday against two Iraq-based persons and one company, for their alleged links to Iran’s Revolutionary Guard.

Makki Kazim and Mohammed Hussein, along with the South Wealth Resources Company have all been hit with secondary sanctions, according to the Treasury Department website.

Secondary sanctions form a major part of US international statecraft, cutting off businesses and individuals from the US financial system and tarnishing their reputations with international businesses and banks. A number of measures can be enforced against targeted individuals, ranging from limiting their ability to do business in the US to prohibiting all US parties from conducting business with them.

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