Iran Sanctions Target Financial Networks Beyond Its Borders
Following the Money: How Iran-Linked Financial Networks Create a Challenge for Europe A New Front in International Pressure on Iran The international response to Iran is increasingly focused on the financial channels that allow money to move between countries, institutions and commercial networks. On October 15, 2026, the United States Department of the Treasury announced new measures under its Operation Economic Outcast campaign, targeting financial networks it alleges have helped Iran access foreign currency and evade sanctions. The announcement specifically identified Iraq-based International Development Bank for Investment and Finance (IDB), accusing it of facilitating financial access for Iran and maintaining connections to Iranian government entities and Iran-aligned militia groups. These are allegations made by the US government, not a substitute for an independent judicial determination. The announcement is available in the US Treasury's official statement . The developm...