What Happened
Treasury Targets Regime's Global Supply Chain
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 10 individuals and entities for their role in supporting Iran’s military procurement efforts. The action, taken under Operation Economic Outcast, targets representatives of Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and procurement networks that have provided support to the regime’s military programs. The sanctions aim to disrupt Iran’s ability to reconstitute its weapons programs and increase the costs for those who aid the regime’s military procurement efforts. This move was reported by the U.S. Department of the Treasury.