WASHINGTON, Sept. 10 -- The U.S. Department of the Treasury issued the following news release:
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 Kata'ib Hizballah (KH) and Hizballah.
Additionally, 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...