10:13 - 16.10.2026

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October 15, Fineko/abc.az. The US Department of the Treasury announced new sanctions targeting Iran's access to the international financial system, designating 16 individuals and 10 entities as part of "Operation Economic Exclusion."

The sanctions target shadow banking networks used by Tehran to bypass restrictions and transfer oil revenues. Among those sanctioned are Iraq-based International Development Bank for Investment and Finance (IDB) and Cuba-based Banco Internacional de Comercio S.A. (BICSA) for facilitating financial services for Iranian banks.

Additionally, the Financial Crimes Enforcement Network (FinCEN) issued an advisory urging financial institutions to monitor and report suspicious transactions linked to Iranian religious charity networks.