The Office of Foreign Assets Control also issued new sanctions and licenses involving Cuba and Russia. As part of the new measures, the Treasury granted a general license to the International Development Bank for Investment and Finance to authorize the wind-down of existing transactions.
Wednesday, October 21, 2026
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US Sanctions 16 People and 10 Iran Entities in Operation Economic Outcast
Geopolitics5 days ago
The US Treasury sanctioned a group of individuals and businesses across Iraq, Hong Kong, and Iran on Oct. 15 to disrupt the financing of religious charities. The action, named Operation Economic Outcast, added 16 individuals and 10 entities to the sanctions list to block the Iranian regime's abuse of charity networks. Designations include the Chabahar International Bank Overseas Company and Jazireh International Bank in Iran, and the International Development Bank for Investment and Finance in Iraq.
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