Tag: khums

Treasury Sanctions Iraqi Bank and Iranian Offshore Lenders, FinCEN Warns Banks on Charity Abuse

15 Oct 2026 1:33 p.m.

FinCEN's alert under Operation Economic Outcast asks financial institutions to report diversion of khums religious tithes through charity networks, while Treasury blocks an Iraqi bank, Iranian offshore banks, oil intermediaries and exchange houses.

Politics and Government Business Law Enforcement Iran USA Federal Government Banking Legal Middle East Military World Iraq Financial Markets FinCEN Operation Economic Outcast religious charity networks khums U.S. Department of the Treasury financial institutions Financial Crimes Enforcement Network Iran sanctions International Development Bank Scott Bessent Office of Foreign Assets Control shadow banking US Treasury Iranian regime religious charities terrorism financing