| Subject: | FinCEN Issues Advisory on the Iranian Regime’s Illicit and Malign Activities and Attempts to Exploit the Financial System |
|---|---|
| Date: | Thu, 11 Oct 2018 14:06:35 -0400 |
| From: | Stubbs, Matthew <matthew.stubbs@egmont.org> |
| Organization: | FinCEN (USA) |
| CC: | USA FinCEN Requests - USA <usa.fincen.requests@egmont.org> |
The Financial Crimes Enforcement Network (FinCEN) issued an advisory today to help financial institutions better detect and report potentially illicit transactions related to the Islamic Republic of Iran. The advisory is also intended to help foreign financial institutions better understand the obligations of their U.S. correspondents, to avoid exposure to U.S. sanctions, and to address the Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) risks that Iranian activity poses to the international financial system. The advisory provides information on the threats the Iranian regime poses to the U.S. financial system as well as to institutions that have correspondent banking relationships with U.S. financial institutions, describes deceptive financial strategies that the Iranian regime uses to evade sanctions, and provides red flag indicators related to specific malign activities and typologies.
News Release: https://www.fincen.gov/news/news-releases/fincen-issues-advisory-iranian-regimes-illicit-and-malign-activities-and
Advisory: https://www.fincen.gov/resources/advisories/fincen-advisory-fin-2018-a006
-- Matthew Stubbs Director, Case Management and Production Liaison Division Financial Crimes Enforcement Network (FinCEN) US Department of the Treasury