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Treasury Sanctions Baghdad Bank and Iran Shadow Bankers as U.S. Weighs 'Mother of All Bombs' Option

Operation Economic Outcast hits an Iraqi bank, Iranian exchange houses and a Cuban lender as FinCEN flags abuse of Shi'a religious giving and CNN reports MOAB strike planning.

By Ecker Geopolitics Desk · Reviewed and edited by Brendan Ecker

· Updated · 1 min read

Treasury Sanctions Baghdad Bank and Iran Shadow Bankers as U.S. Weighs 'Mother of All Bombs' Option

The U.S. Treasury on Oct. 15, 2026, designated 27 targets, including Baghdad's International Development Bank, two Iranian offshore banks, four exchange houses and a Cuban bank, accusing them of moving money for Tehran. FinCEN warned banks that Iran is exploiting khums religious payments, and CNN reported U.S. strike plans that could use the GBU-43/B against Iranian energy and nuclear sites if combat resumes.

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Iran sanctions · Scott Bessent · Operation Economic Outcast · International Development Bank Iraq · FinCEN khums alert · GBU-43/B MOAB · OFAC · Strait of Hormuz

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