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U.S. Department of the Treasury Sanctions Iran's Terrorist Proxy Networks Under Operation Economic Outcast

On September 10, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced coordinated sanctions targeting networks that support Kata'ib Hizballah (KH) and Lebanese Hizballah, designated terrorist organizations that operate as proxies for the Iranian regime. The action forms part of Operation Economic Outcast, a comprehensive sanctions campaign announced on August 24, 2026, designed to sever Iran's remaining economic lifelines and dismantle its illicit financial networks. OFAC designated four KH commanders and members, three Iraqi individuals with ties to Iran-aligned militia groups, two Iraqi businessmen facilitating sanctions evasion, and multiple Lebanese money exchangers and gold dealers involved in transferring hundreds of millions of dollars from Iran's Islamic Revolutionary Guard Corps–Qods Force (IRGC-QF) to Hizballah between May and September 2025. The designations target entities across Iraq, Lebanon, the United Arab Emirates, and Türkiye. OFAC also announced a $1,427,230 settlement with an individual for providing management consulting services to an Iranian software company and receiving Iranian-origin dividends. Additionally, OFAC published a new Iran Statement of Licensing Policy establishing a presumption of denial for Iran-related specific licenses except where required by law or in limited circumstances involving risk to life or environmental safety. The Treasury Department, working with international partners including the European Union, United Kingdom, and Gulf states, has mapped Iran's smuggling networks and financial channels. Secretary of the Treasury Scott Bessent said the action targets those "who finance terror, launder money, or help Iran evade sanctions." All property and interests in property of designated persons within U.S. jurisdiction are blocked. Violations of U.S. sanctions may result in civil or criminal penalties. The Financial Crimes Enforcement Network (FinCEN) is simultaneously issuing a whistleblower bulletin encouraging reporting of Iran-related sanctions violations, with potential awards available for information leading to successful enforcement actions resulting in penalties exceeding $1,000,000.

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U.S. Department of the Treasury Sanctions Networks Supporting Kata'ib Hizballah and Lebanese Hizballah Under Operation Economic Outcast

On September 10, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions targeting networks that enable Kata'ib Hizballah (KH) and Lebanese Hizballah to advance Iranian interests across Iraq, Lebanon, the United Arab Emirates (UAE), and Türkiye. The action, taken pursuant to Executive Order (E.O.) 13224 and E.O. 13902, designates multiple individuals and entities supporting these terrorist proxy organizations and Iranian sanctions evasion schemes. Treasury Secretary Scott Bessent said the designations target "those who continue to stand with the failing Iranian regime," whether they finance terror, launder money, or help Iran evade sanctions. The designations target four KH commanders and members, including senior commander Ali Hasan Farhan Al-Lami, and individuals within Iraq's Popular Mobilization Forces (PMF) and Popular Mobilization Commission (PMC) who provide strategic guidance, military procurement support, and defence equipment services to Iranian-aligned networks. Additionally, OFAC designated two Iraqi businessmen and their Dubai-based hawala exchange, Shams & Bahr Trading Company, which transferred millions of dollars from Iraq to Iran via the UAE. The action also targets Lebanese money exchangers, gold dealers, and couriers facilitating cash transfers from Iran's Islamic Revolutionary Guard Corps–Qods Force (IRGC-QF) to Hizballah, including Hussein Ibrahim, Abdallah Hamieh, and Ghaith Hussein Wehbe. OFAC also designated family members and associates of U.S.-designated Hizballah financier Hamdi Zaher El Dine who operate Lebanese exchange houses and gold smuggling operations. Concurrently, OFAC announced a $1,427,230 civil settlement against an individual for providing management consulting services to an Iranian software company and receiving Iranian-origin dividends. Additionally, OFAC published a new Iran Statement of Licensing Policy establishing a presumption of denial for Iran-related specific license requests except as required by law or in limited circumstances involving risk to life or environmental safety. All designated property and interests in the United States are blocked, and U.S. persons are generally prohibited from engaging in transactions with these targets unless expressly authorized by OFAC.

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US Office of Foreign Assets Control Sanctions Iranian Global Terrorist Proxy Network

On September 10, 2026, the US Office of Foreign Assets Control (OFAC) announced coordinated sanctions actions targeting networks that support Kata'ib Hizballah (KH) and Lebanese Hizballah, designated terrorist organizations that operate as proxies for the Iranian regime. The actions form part of the US Department of the Treasury's broader "Operation Economic Outcast" campaign, which is designed to sever Iran's economic infrastructure and dismantle its illicit financial networks. OFAC's actions include the following: New sanctions designations. OFAC designated 14 individuals and 5 entities across Iraq, Lebanon, the United Arab Emirates (UAE) and Türkiye with connections to Iranian proxies. Enforcement action for sanctions program violations. OFAC announced a $1.4m settlement with an individual for providing management consulting services to an Iranian software company and receiving Iranian-origin dividends. Licensing policy statement. OFAC published a new statement of licensing policy establishing a presumption of denial for Iran-related specific licenses, except where required by law or in limited circumstances involving risks to life or environmental safety.