Operation Economic Outcast Takes Down Iranian Military Procurement Networks

WASHINGTON—Today, under Operation Economic Outcast, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 10 individuals and entities in multiple jurisdictions that have procured weapons and weapons components for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL), the entity responsible for weapons research, production, and acquisition for Iran’s armed forces. MODAFL also oversees organizations engaged in the development of Iran’s ballistic missiles and unmanned aerial vehicles (UAVs). “Under Operation Economic Outcast, Treasury will continue to target and disrupt those who provide material, technological, or financial support that allows the Iranian regime to sustain its terrorist enterprise,” said Secretary of the Treasury Scott Bessent.