US expands Operation Economic Outcast with sanctions on Iranian-backed militant networks

  • US State Department targeted Kataib Hezbollah, Hezbollah and associated financial networks.
  • Nearly 100 targets were reached during the campaign, alongside a $1,427,230 settlement.
  • Kataib Hezbollah was cited over a recent US plot and attacks on US-led forces in Iraq.

The United States expanded Operation Economic Outcast with a State Department action targeting Iranian-backed Kataib Hezbollah, Hezbollah and financial networks accused of supporting Tehran’s regional activities. The department said Kataib Hezbollah had intensified threats to US interests, citing a recent plot against Jewish institutions in the United States and continued attacks on US and coalition forces in Iraq. The action adds to a Treasury campaign that sanctioned 36 aviation-linked entities and individuals, brought the overall campaign to nearly 100 targets in just over two weeks and targeted networks across Iraq, Lebanon, the United Arab Emirates and Türkiye for supporting the two militant organizations. Treasury also announced a $1,427,230 settlement over Iran-related services and transactions. OFAC adopted a presumption of denial for most Iran-related specific-license requests, while FinCEN warned financial institutions about sanctions-evasion risks. The measures increase restrictions on US persons and exposure for non-US parties dealing with designated Iranian networks, including through crypto rails.

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