On September 10, 2026, the U.S. Department of the Treasury announced new sanctions under Operation Economic Outcast targeting individuals and entities accused of supporting Kata’ib Hizballah, Hizballah, and Iran’s sanctions-evasion networks. The action is intended to disrupt the financing, procurement, and money-movement channels that support Iran’s proxy organizations and reflects the Treasury’s continued focus on Iran-related sanctions evasion and terrorist financing activities.

The announcement highlights ongoing sanctions risks tied to Iran-related activity. Financial institutions should remain alert to customers and transactions involving informal money transfer networks, front companies, digital assets, precious metals, cross-border payments, and other activity that may present elevated sanctions or money laundering risks. Treasury also noted that foreign financial institutions may face secondary sanctions if they facilitate significant transactions for designated parties.

Separately, FinCEN released a whistleblower bulletin encouraging reports of Iran-related sanctions evasion, money laundering, and terrorist financing activity. The bulletin outlines several red flags involving exchange houses, front companies, digital assets, and high-risk jurisdictions, while reminding potential whistleblowers that they may be eligible for financial awards when tips lead to successful enforcement actions.

You can review the press release here.

You can read the Whistleblower Bulletin here.

CCI suggests sharing this with your BSA Officer, ensuring OFAC and sanctions screening systems are updated to identify newly designated parties, continuing established BSA and OFAC monitoring procedures, and remaining vigilant for customer or transaction activity that may indicate sanctions evasion or other Iran-related risks. For any questions, contact us via inquiries@completecompli.com.