foreign
financial institution has engaged in sanctionable activity described in paragraph (b) or (c) of this
section, the Secretary of the Treasury, in consultation with the Secretary of State, shall:
(1) Prohibit the opening by a U.S. financial institution of a correspondent account or a payablethrough account in the United States for the foreign financial institution; and
(2) Prohibit or impose one or more strict conditions on the maintaining by a U.S. financial institution
of a correspondent account or a payable-through account in the United States for the foreign
financial institution.