Treasury sanctions 10 targets over weapons procurement for Iran's defense ministry
The Treasury Department said the sanctions hit networks supplying weapons and components to Iran's military procurement body, part of a campaign it calls Operation Economic Outcast.
What we know
- The Treasury Department said its Office of Foreign Assets Control sanctioned 10 individuals and entities in multiple jurisdictions under Operation Economic Outcast. [1]
- Treasury said the targets procured weapons and weapons components for Iran's Ministry of Defense and Armed Forces Logistics (MODAFL). [1]
- Treasury described MODAFL as responsible for weapons research, production and acquisition for Iran's armed forces, and said it oversees organizations developing ballistic missiles and unmanned aerial vehicles. [1]
- Treasury Secretary Scott Bessent said in a post on X that Treasury will keep targeting those who provide material, technological or financial support to the Iranian regime. [2]
- Not yet confirmed: The posts do not name the 10 individuals and entities, identify the jurisdictions where they operate, or describe the specific weapons or components involved. The allegations about procurement for MODAFL are Treasury's own claims.
The U.S. Treasury Department said it sanctioned 10 individuals and entities on Tuesday that it says procured weapons and weapons components for Iran's military. [1]
In a post on X, the department said the action was carried out by its Office of Foreign Assets Control under a program it calls Operation Economic Outcast. The targets are located in multiple jurisdictions, Treasury said. [1]
According to Treasury, the procurement was for Iran's Ministry of Defense and Armed Forces Logistics, known as MODAFL. The department described the ministry as the entity responsible for weapons research, production and acquisition for Iran's armed forces. [1]
Treasury also said MODAFL oversees organizations engaged in developing Iran's ballistic missiles and unmanned aerial vehicles. [1]
Treasury Secretary Scott Bessent said in a separate post on X that the department "will continue to target and disrupt those who provide material, technological, or financial support that allows the Iranian regime to sustain its terrorist enterprise." [2]
Bessent added that Treasury "will not tolerate any support to the regime and will continue to identify, expose, and isolate Iran's enablers." [2]
The posts did not list the names of the sanctioned parties or say where they are based.
RECEIPTS · 2 SOURCES
- 1POST ON X · @USTreasury (Treasury Department)Today, under Operation Economic Outcast, Treasury’s Office of Foreign Assets Control sanctioned 10 individuals and entities in multiple juriOpen source ↗ Archived copy
- 2POST ON X · @SecScottBessent (Treasury Secretary Scott Bessent)Under Operation Economic Outcast, Treasury will continue to target and disrupt those who provide material, technological, or financial suppoOpen source ↗ Archived copy