Operation Economic Outcast Update

Today, as part of Operation Economic Outcast, Treasury’s Office of Foreign Assets Control designated eight money services businesses based in Canada that enable the Iranian regime. Additionally, @FinCENnews issued an order effectively cutting off MEXC Global’s access to the U.S. financial system for facilitating at least $16 billion in illicit transactions, including activity connected to Iran sanctions evasion.

— Treasury Department (@USTreasury) November 6, 2026

… U.S. financial system for facilitating at least $16 billion in illicit transactions, including activity connected to Iran sanctions evasion.