What Happened
Sweeping Action Targets Aviation Sector Support
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sweeping sanctions against 36 targets for supporting Iran’s aviation sector, which the regime uses to move weapons, personnel, and illicit cargo. The action, part of Operation Economic Outcast, targets covert front companies, foreign intermediaries, and deceptive transshipment routes used by Iran to obtain US-origin aircraft and sensitive technology. The Treasury’s Financial Crimes Enforcement Network (FinCEN) is also issuing an Alert to help financial institutions detect and report suspicious activity involving Iran’s aviation sector procurement networks, as reported by AJOT Newsroom.