US Treasury urges global whistleblowers to expose Iran’s ‘financial lifelines’
The US Treasury Department is escalating its financial campaign against Iran: now, Treasury Secretary Scott Bessent is asking people around the world to report businesses, banks and individuals allegedly helping Tehran evade sanctions or move money through the international financial system. Bessent said the appeal is part of "Operation Economic Outcast", a campaign launched in August to cut what…
The US Treasury Department is urging global whistleblowers to expose Iran's alleged financial networks. In his appeal, Treasury Secretary Scott Bessent called for individuals with knowledge of how money or resources are being channeled to Iran or its alleged terrorist networks to come forward. The focus of Operation Economic Outcast is not limited to Iran-based entities, but extends to third-country companies and financial intermediaries that assist Tehran in evading sanctions.
The strategy aims to make the entire international network around Iran too risky to operate. Major banks, aviation companies, and shipping intermediaries in countries like the UAE and Turkey have already been targeted. Whistleblowers could receive a financial reward for providing actionable information, regardless of their location or employer.
This appeal is significant as it provides a potential source of intelligence for the US sanctions apparatus, especially when sanctions databases cannot clearly see every transaction involving Iranian money.
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