; or (2) engaged in money laundering to carry out an activity described in paragraph (1). (b) Imposition of sanctions (1) Foreign financial institutions The President shall prohibit, or impose strict conditions on, the opening or maintaining of a correspondent account or a payable-through account in the United States by a foreign financial institution identified under subsection (a). (2) Foreign digital asset transaction facilitators The President, pursuant to such regulations as the President may prescribe, shall prohibit any transactions between any person subject to the jurisdiction of the United States with a foreign digital asset transaction facilitator identified under subsection (a). (c) Implementation and penalties (1) Implementation The President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act ( 50 U.S.C. 1702 , 1704) to the extent necessary to carry out this Act. (2) Penalties The penalties set forth in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) shall apply to a person that violates, attempts to violate, conspires to violate, or causes a violation of regulations prescribed under this section to the same extent that such penalties apply to a person that commits an unlawful act described in subsection (a) of such section 206. (d) Procedures for judicial review of classified information (1) In general If a finding under this section, or a prohibition, condition, or penalty imposed as a result of any such finding, is based on classified information (as defined in section 1(a) of the Classified Information Procedures Act (18 U.S.C. App.)), the Secretary may submit to a court reviewing the finding or the imposition of the prohibition, condition, or penalty such classified information ex parte and in camera. (2) Rule of construction Nothing in this subsection shall be construed to confer or imply any right to judicial review of any finding under this subsection or any