The U.S. Department of the Treasury’s Office of Foreign Assets Control on September 10, 2026, sanctioned individuals and entities accused of supporting Kata’ib Hizballah and Lebanese Hizballah under Operation Economic Outcast. OFAC also announced a $1,427,230 settlement over services provided to an Iranian company and adopted a presumption of denial for Iran-related licenses except where required by law or in limited circumstances.
The designations target networks spanning Iraq, Lebanon, the United Arab Emirates and Türkiye. Treasury said the action was taken under Executive Order 13224, as amended, which targets terrorists and their supporters, and Executive Order 13902, which covers people operating in specified sectors of Iran’s economy.
OFAC designated four Kata’ib Hizballah commanders and members: Ali Hasan Farhan Al-Lami, Hussein Ahmed Hussein Al-Dhuhaibawi, Mohamed Ameen Fadhil Ali Al-Shaikhli and Karrar Mohammed Qasim Al-Hraishawi. It also designated Iraqi officials, businessmen and companies tied by Treasury to procurement or support for the Popular Mobilization Commission and Islamic Revolutionary Guard Corps–Qods Force networks, including Abbas Jawad Kadhim Al-Tameemi, Abdullah Nadhim Luaibi Al Ameri, Al-Brouj For General Contracting Company Ltd, Khaldoon Naser Maryoosh Al-Abada and Ain Al-Iraq For Protecting Technology and Audio, Visual, and Communications Solutions Company Ltd.
In a separate financial network, OFAC designated Dubai-based Shams & Bahr Trading Company L.L.C. for operating in the financial sector of the Iranian economy. Treasury said the exchange had been used to remit millions of dollars from Iraq to Iran through the UAE and also designated Majid Ali Akbar Namdar Al-Mandalawi and Abdulhasan Ali A. Namdar Al-Mandalawi for acting for or on behalf of the company.
The Lebanon-focused measures designated Hussein Ibrahim, Abdallah Hamieh and Ghaith Hussein Wehbe for supporting Hizballah. Treasury alleged that Ibrahim and Hamieh transferred hundreds of millions of dollars from the IRGC-QF to Hizballah between May and September 2025. Mervat Jamil Zahreldine, Amir Al-Makansi, YIM Exchange and Gold Pro SARL were also designated over alleged support for, or links to, U.S.-designated Hizballah financier Hamdi Zaher El Dine.
OFAC separately said an unnamed individual agreed to pay $1,427,230 to resolve potential civil liability for providing management consulting and advisory services to a leading Iranian software solutions company, receiving Iranian-origin dividends in U.S. bank accounts and acquiring real property in Iran. OFAC determined that the apparent violations were egregious and not voluntarily self-disclosed; the investigation was conducted with the Federal Bureau of Investigation’s Los Angeles Field Office and Orange County Resident Agency.
Under OFAC’s new Iran Statement of Licensing Policy, requests now face a presumption of denial except as required by law or in circumstances such as risks to life, limb or environmental safety. The agency also began immediately denying the vast majority of outstanding Iran-related specific license requests. Property and interests in property of the designated or blocked persons that are in the United States or controlled by U.S. persons are blocked and must be reported to OFAC, as are entities owned 50 percent or more by blocked persons.