3 hrs ago
US Announces New Sanctions Against Networks Supporting Iran Proxies
The United States has placed new financial penalties on people and companies accused of helping groups supported by Iran.
The affected networks are in Iraq, Lebanon, and Turkey.
The United States says they helped Hezbollah and Kata’ib Hezbollah.
Officials want to stop money from reaching these groups and Iran’s military activities.
The sanctions are part of a campaign called Operation Economic Outcast.
The Treasury Department also reached a $1.43 million settlement with a US citizen over 39 alleged sanctions violations.
It asked people to report suspected efforts to avoid sanctions or launder money for Iran.
The Office of Foreign Assets Control said it will reject most requests for special permission to do Iran-related business.
Officials said this policy will continue until Iran changes certain actions.
The United States sanctioned firms and individuals in Iraq, Lebanon, and Turkey over alleged support for Hezbollah and Kata’ib Hezbollah.
The sanctions are part of Treasury’s Operation Economic Outcast, aimed at cutting revenues used by Iran to fund war, missiles, cyberattacks, and the Islamic Revolutionary Guard Corps.
The United States settled potential sanctions violations with a US citizen who agreed to pay $1.43 million for 39 apparent violations involving Iran sanctions.
The Office of Foreign Assets Control appealed for whistleblower tips about Iranian sanctions evasion and money laundering.
The Office of Foreign Assets Control said it would deny most Iran-related licensing requests until Iran changes its conduct.
- Who
- The United States, including the United States Department of the Treasury and its Office of Foreign Assets Control, targeted firms and individuals accused of aiding Iran-linked groups.
- What
- The United States announced new sanctions, a $1.43 million settlement, a whistleblower appeal, and tighter Iran-related licensing decisions.
- Where
- The targeted entities and individuals were in Iraq, Lebanon, and Turkey.
- When
- Thursday, September 10.
- Why
- The United States said the measures were intended to cut revenues supporting Iran’s proxies, military activities, sanctions evasion, and money laundering.
Key facts
- Sanctions program
- Operation Economic Outcast
- Targeted locations
- Iraq, Lebanon, and Turkey
- Groups identified
- Hezbollah and Kata’ib Hezbollah
- Settlement amount
- $1.43 million
- Apparent violations
- 39 Iran sanctions violations
- Licensing policy
- The Office of Foreign Assets Control said it would deny most Iran-related specific license requests, except in exceptional circumstances.
- Policy condition
- The policy will remain until Iran changes behavior identified by the Treasury Department, including actions involving the Strait of Hormuz, US personnel and Gulf partners, and weapons programs.
Quotes
U.S. Treasury Department
The U.S. department responsible for administering the sanctions and licensing policy
“Operation Economic Outcast is targeting those who continue to stand with the failing Iranian regime. Whether they finance terror, launder money, or help Iran evade sanctions, we will find them, cut them off from the U.S. financial system, and dismantle the networks keeping the regime afloat.”
theprint.in
“OFAC will maintain this licensing policy until Iran changes its behavior, including obstructing the Strait of Hormuz, attacking U.S. personnel and partners in the Gulf, and pursuing nuclear and conventional weapons.”
theprint.in
Sources
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