U.S. sanctions Iraq-based company, says it backs Iran's IRGC

WASHINGTON (Reuters) - The United States on Wednesday sanctioned an Iraqi company and two of its associates, which it said had helped Iran's Islamic Revolutionary Guard Corps-Quds force evade sanctions by smuggling hundreds of millions of dollars worth of weapons.

"Treasury is taking action to shut down Iranian weapons smuggling networks that have been used to arm regional proxies of the IRGC Qods Force in Iraq, while personally enriching regime insiders," Treasury Secretary Steven Mnuchin said in a statement.