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Economic Sanctions

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U.S. Treasury sanctions 5 individuals and entities linked to a France-based Hamas fundraising network that allegedly moved more than $2M through MSBs, sham charities and cryptocurrency

October 2, 2026

The network reportedly used France-based charities and cryptocurrency transfers to raise and move funds to a Hamas military-wing financial facilitator. More than $1.5 million was collected after October 2023, highlighting the continued misuse of charitable organisations and digital assets for terrorist financing. Gaza-based Hamas military-wing member Saleem Abdallah Saleem al-Zaq allegedly oversaw a financial network involving money-service…

US Treasury launches Operation Economic Outcast against the Russia-linked A7 shadow banking network, combining OFAC sanctions with a FinCEN alert and proposed restrictions on fund transfers involving its sub-agents

October 1, 2026

US authorities identified more than $17 billion in transactions processed by the network’s intermediaries between January 2025 and June 2026, including activity linked to Iranian oil sales and weapons procurement. The accompanying alert identifies indicators of disguised commercial payments, falsified trade documentation and opaque intermediaries used to move funds outside conventional financial channels.

FinCEN targets A7, a Russia-linked shadow banking network, alleging it processed more than $17B in transactions to facilitate sanctions evasion and illicit finance

October 1, 2026

The network allegedly used front companies, falsified trade documents and alternative payment mechanisms to disguise transactions involving Iranian oil and weapons procurement. Treasury and FinCEN also issued financial red flags for detecting A7-related activity, highlighting the network’s use of third-country entities and complex payment structures…

 

 

U.S. Treasury targets more than 100 individuals and entities across Iran’s automotive, rail, steel and financial sectors for allegedly supporting sanctions evasion and illicit trade

October 1, 2026

Treasury also designated companies involved in supplying Iran from jurisdictions including the UAE, Türkiye, Indonesia, Hong Kong and China. The action forms part of the broader Operation Economic Outcast campaign and is particularly relevant for firms assessing indirect and third-country exposure: Treasury explicitly warns that businesses facilitating Iranian sanctions evasion or money laundering risk exclusion from the U.S. financial system…

UK announces 31 new sanctions against Russia targeting war revenues, sanctions-evasion networks, disinformation and individuals linked to abuses against Ukrainian civilians and children

October 1, 2026
The UK has imposed 31 new Russia sanctions, including asset freezes and travel bans on individuals and entities, sanctions on eight vessels linked to the shadow fleet and its support network, and measures against individuals involved in the torture of Ukrainian civilians, the indoctrination of Ukrainian children and pro-Kremlin disinformation. The package also includes time-limited exemptions for certain Russian LNG shipments to Japan and South Korea…

OFAC designates 10 targets and two Mexico-based companies linked to Tren de Aragua network in $40.7 million ATM jackpotting fraud scheme involving cryptocurrency and cross-border transfers

September 30, 2026

The U.S. Treasury has sanctioned 10 individuals and two Mexico-based companies allegedly linked to a network behind more than 1,500 ATM jackpotting attacks in the U.S. The scheme allegedly used malware to force ATMs to dispense cash, with proceeds moved through financial and cryptocurrency channels. Treasury also sanctioned seven TRON blockchain addresses, highlighting the use of crypto to move and potentially launder proceeds…

U.S. Treasury sanctions 21 individuals and 25 entities linked to the Sinaloa Cartel, targeting senior figures, money launderers and corrupt officials

September 29, 2026

Designates 21 individuals and 25 entities associated with the Sinaloa Cartel’s Los Mayos faction, including alleged cartel leaders, financial facilitators and corrupt officials. The scale of the action is notable because it targets not only alleged criminal leadership but the wider commercial and financial ecosystem Treasury says enables cartel activity. For AML teams, it reinforces the importance of identifying networks of associated businesses and facilitators

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

September 29, 2026

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…

EU tightens Russia sanctions regime, broadening targets to financial services, crypto, cyber activity, hybrid threats and human-rights abuses

September 28, 2026

The Council extended for three years sanctions applying to more than 3,000 individuals and entities over actions undermining Ukraine’s territorial integrity. It also introduced new listings targeting 10 individuals and 17 entities allegedly involved in the unlawful deportation and transfer of Ukrainian children, and separately sanctioned former RT France executive Xenia Fedorova under the EU framework targeting Russian destabilising and hybrid…

OFAC sanctions Russia’s VTB Bank under Operation Economic Outcast for allegedly helping Iran evade sanctions by establishing correspondent banking relationships with sanctioned Iranian banks

September 21, 2026

Treasury says VTB established correspondent banking relationships with sanctioned Iranian financial institutions over the past three years, expanded its presence in Tehran from January 2025 and created a rial–rouble settlement system through correspondent accounts to facilitate bilateral trade. Treasury also alleges that VTB took steps to move billions of dollars in frozen Iranian assets, increasing its role…

UN Sanctions List last updated

September 20, 2026

White House signs legislation expanding U.S. statutory sanctions, tariffs and prohibitions targeting Russia while extending existing sanctions measures against Iran

September 18, 2026

President Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (H.R. 5334) into law on 18 September. According to the White House, the legislation authorises and expands statutory sanctions, tariffs and prohibitions relating to Russia and extends existing sanctions against Iran. The measure is relevant to sanctions teams because it changes the underlying statutory framework rather than simply adding individual names or entities to existing designation lists, potentially broadening the basis for future U.S. sanctions action.

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