In “Most Banks Safe from U.S. Operation Economic Outcast, but Iran Exposure Merits Reassessment, Experts Say” (23 September 2026, Regulatory Intelligence), Leslie Kuester discusses challenges multinational financial institutions face in identifying sanctions evasion in real time following the U.S. Treasury Department’s Operation Economic Outcast, and shares steps banks can take to help identify potential exposure and mitigate sanctions risk.
“Banks must leverage sound risk assessment processes to inform areas of greatest potential exposure, implement controls to mitigate risk and understand the residual risk that remains. Those who can understand and assess their data readily stand a better chance of identifying and interdicting potential risks in a proactive and meaningful way,” Leslie notes.
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