The U.S. Treasury plans to sanction another bank this week as part of Operation Economic Outcast, Treasury Secretary Scott Bessent told the Associated Press in an interview published Aug. 30. The unnamed institution would become the latest target in a campaign designed to disrupt Iran-linked oil revenues, sanctions evasion, weapons procurement, cyber operations and support for regional proxy groups by restricting access to the international dollar system. The effort, launched on Aug. 24, 2026, has targeted nearly 60 entities and vessels and has involved the EU, UK, UAE and Bahrain. FinCEN's Aug. 28 proposal against Banque Misr UAE illustrates the use of secondary sanctions against intermediaries: Treasury said the bank's five UAE branches processed approximately $1.8 billion between January 2024 and June 2026 for 103 companies potentially connected to Iranian shadow-banking networks. The proposed rule would bar U.S. financial institutions from maintaining correspondent accounts for the branches and prevent foreign correspondent accounts from processing transactions involving them. The campaign also extends to shipping, aviation, technology, oil brokers and digital assets. Bessent said in May that Treasury had seized approximately $1 billion in Iran-linked cryptocurrency, while a related crypto and oil-payment network allegedly processed more than $100 million in digital assets. FinCEN's proposal remains subject to public comment, with written submissions due by Oct. 1.