U.S. Treasury’s Operation Economic Outcast sanctioned 10 individuals and entities across multiple jurisdictions for supporting Iran’s MODAFL weapons procurement network

The network allegedly facilitated the acquisition of equipment linked to Iran’s ballistic missile and UAV programmes through international suppliers.
The action highlights growing sanctions and AML risks for businesses exposed to Iran-related procurement and sanctions-evasion networks. Targets 10 individuals and entities across several jurisdictions that it says procured weapons, electronics and dual-use components for Iran’s Ministry of…