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00:02U.S. Treasury Secretary Scott Besant announced a new campaign targeting financial networks,
00:09companies, and countries that help Iran generate revenue and evade sanctions,
00:13according to Monday's announcement. The operation, called Economic Outcast,
00:18includes sanctions against nearly 60 entities, individuals, and vessels linked to Iran's
00:23nuclear, missile, cyber, and oil networks. Treasury also issued sectoral sanctions
00:29covering digital assets, technology, gold, aviation, and shipping.
00:34Besant said the U.S. is taking a zero-leakage approach and warned that entities facilitating
00:39money laundering for Iran could lose access to the U.S. dollar system. Treasury identified networks
00:45spanning China, Hong Kong, Singapore, the United Arab Emirates, Switzerland, and Europe.
00:51Iran's real fell to a record low ahead of the announcement.
00:54For all things money, visit Benzinga.com.
