Regulatory Alerts2011-11-25
Added
Finding that the Islamic Republic of Iran is a Jurisdiction of Primary Money Laundering Concern
The Director of FinCEN finds that reasonable grounds exist for concluding that the Islamic Republic of Iran is a jurisdiction of primary money laundering concern. This finding is effective as of November 25, 2011, and authorizes the imposition of special measures against Iran under 31 U.S.C. 5318A. Domestic financial institutions and financial agencies are subject to these measures to address risks related to terrorism support and weapons proliferation.