Treasury Grounds Iranian Airlines with Sweeping Sanctions Action

Operation Economic Outcast Targets All Remaining Iranian AirlinesWASHINGTON— Today, under Operation Economic Outcast, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 36 targets for supporting Iran’s aviation sector, which the regime uses to move weapons, personnel, and illicit cargo. Today’s action also targeted covert front companies, foreign intermediaries, and deceptive transshipment routes that Iran relies on to obtain U.S.-origin aircraft and sensitive technology. In addition to OFAC’s action, Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing an Alert asking financial institutions to report procurement networks supporting Iran’s aviation industry. “Under Operation Economic Outcast, we promised severe consequences for those providing financial lifelines to the Iranian regime,” said Secretary of the Treasury Scott Bessent.