Washington: Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) took action against the networks enabling the Iranian regime to wreak havoc in the Middle East through its terrorist proxies. Today's action targets entities and individuals that support Kataib Hizballah (KH) and Hizballah. According to U.S. Department of the Treasury, OFAC announced today an enforcement action against an individual for providing services to companies in Iran and updated its Iran Statement of Licensing Policy to a presumption of denial except in limited circumstances. Operation Economic Outcast is targeting those who continue to stand with the failing Iranian regime, said Secretary of the Treasury Scott Bessent. The operation aims to dismantle networks financing terror, laundering money, or helping Iran evade sanctions. KH and Lebanese Hizballah fuel Iran's destabilizing influence in the Middle East, endanger U.S. and partner forces, and facilitate extensi ve sanctions evasion schemes. Spread across Iraq, Lebanon, the United Arab Emirates, and Turkey, today's targets underscore the global reach of the Iranian regime's illicit networks. The designations aim to disrupt Iran's dangerous proxies that terrorize civilians and serve as Tehran's primary instruments for projecting violence and destabilization. Today's action is being taken pursuant to Executive Order (E.O.) 13224, which targets terrorists and their supporters. The U.S. Department of State designated KH as a Specially Designated Global Terrorist (SDGT) and a Foreign Terrorist Organization (FTO) for multiple attacks in Iraq. Hizballah received similar designations for its activities. Today's action also involves E.O. 13902, targeting sectors of the Iranian economy. Announced by Secretary Bessent as Economic D-Day, Operation Economic Outcast seeks to sever the remaining economic lifelines sustaining the Iranian regime. The Treasury has mapped networks and financial channels used by Iran for oil smuggling , sanction evasion, and funding terror, working with global partners to target these illicit revenues. KH is a leading militant faction within Iran's Axis of Resistance, benefiting from Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) support. It holds significant influence within Iraq's Popular Mobilization Forces (PMF), redirecting Iraqi government funding to support Iranian interests and their terrorist efforts. KH poses threats to Americans, as demonstrated by the arrest of a senior KH commander for planning attacks on U.S. soil. KH and other militia groups have conducted numerous attacks against U.S. and Coalition forces in Iraq, aiming to dominate the region and serve Iran's interests. OFAC's actions target key KH commanders and members. The PMF and PMC, dominated by Iran's militias, advance Iran's interests in Iraq through strategic guidance and procurement activities, supporting the IRGC-QF. Iraqi businessmen aiding Iranian sanctions evasion are also designated. Majid Ali Akbar Namdar Al-Mandalawi and Abdulhasan Ali A. Namdar Al-Mandalawi use Dubai-based exchanges for illicit financial activities, remitting funds to Iran via the UAE. Hizballah's cash smuggling collaboration with the IRGC-QF involves Lebanese businessmen and exchangers channeling funds to Hizballah for procurement of weapons and supporting its members. U.S.-designated financiers direct these operations, evading sanctions through various exchanges. OFAC's enforcement continues as a priority, imposing penalties on violations of Iran sanctions. An individual settled potential civil liability for providing services to an Iranian company, reflecting OFAC's commitment to accountability. OFAC's new Iran Statement of Licensing Policy presumes denial for specific license requests, maintaining this stance until Iran changes its behavior. OFAC's sanctions block assets of designated entities and individuals, prohibiting transactions by U.S. persons unless authorized. Operation Economic Outcast's whistleblower program encourages rep orting of sanctions violations, aiming to strengthen enforcement against illicit Iranian commerce and financial activities. Treasury remains vigilant in taking action against foreign companies supporting Iran's activities when violations occur.