On September 16, 2026, FinCEN led a FinCEN Exchange with global financial institutions to advance Operation Economic Outcast. The event armed financial institutions with the information they need to identify and disrupt illicit financial flows and procurement operations supporting the Iranian regime.

According to the Treasury’s news release, the FinCEN Exchange gave the financial sector insight into the nodes, facilitators, and networks that provide Iran and its terrorist proxies with access to U.S. correspondent banking relationships and allow them to launder funds, procure weapons, and bankroll regional terrorist activity. The exchange provided financial sector participants with meaningful insights and operational strategies to safeguard the nation’s banking system against terrorist financing and illicit exploitation.

Read the Treasury’s full news release here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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