Operation Outcast Takes a Surgical Approach to Iran Sanctions, Export Compliance Manager

Partner Michael Huneke spoke with Export Compliance Manager about the US Treasury Department’s Operation Economic Outcast and its targeted approach to financial institutions accused of facilitating sanctions evasion and financial support for Iran.

Michael noted that the Treasury’s proposed restrictions targeting Banque Misr’s UAE branches may have broader practical consequences than their formal scope suggests. He also said the sanctions against Turkey-based Golden Global Bank may signal that the Treasury expects financial institutions and countries to take warnings about facilitating Iranian funding seriously.

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