; (2) an applicable Executive order; or (3) an applicable United Nations Security Council resolution. (b) Sanctions described The sanctions that may be imposed with respect to a foreign financial institution subject to subsection (a) are the following: (1) Asset blocking The Secretary may block and prohibit, pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.), all transactions in all property and interests in property of the foreign financial institution if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. (2) Restrictions on correspondent and payable-through accounts The Secretary may prohibit, or impose strict conditions on, the opening or maintaining in the United States of a correspondent account or a payable-through account by the foreign financial institution. (c) Implementation