Treasury sanctions Iraqi bank, 16 individuals and 10 entities under Operation Economic Outcast

The US Treasury sanctioned an Iraqi bank used by Iran to access the international financial system and fund proxy militias, along with 16 individuals and 10 entities, under Operation Economic Outcast. The action targets Iran's shadow banking networks, oil revenue and sanctions evasion, and also covers offshore banks and shadow financiers that moved hundreds of millions of dollars.

Detected & updated continuously · Source: Nebula