Regulatory Alerts2018-10-11
Advisory on the Iranian Regime’s Illicit and Malign Activities and Attempts to Exploit the Financial System
The Financial Crimes Enforcement Network issued this advisory to help U.S. and foreign financial institutions detect illicit transactions linked to the Iranian regime and its support for terrorism and missile proliferation. The document details specific typologies used by Iran, including the misuse of Central Bank officials, exchange houses, and front companies to obscure the origin of funds and evade sanctions. Financial institutions are urged to exercise enhanced due diligence and report suspicious activities related to these evasion schemes, particularly in light of the re-imposition of U.S. sanctions following the withdrawal from the JCPOA.
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