U.S. Treasury Launches "Operation Economic Outcast" to Target Global Maritime Fraud Network Supporting Iran's Shadow Fleet

The U.S. Department of the Treasury has initiated "Operation Economic Outcast," a significant effort to sever economic lifelines to the Iranian regime by targeting a vast criminal network involved in maritime fraud. This operation specifically aims at India-based individuals and their network providing false flags and certifications to sanctioned vessels transporting Iranian petroleum, including those linked to the Iranian military. The Treasury warns that any entity facilitating money laundering or sanctions evasion for Iran risks being cut off from the U.S. financial system, with the goal of accelerating enforcement and isolating the Iranian regime.