FinCEN Issues Advisory to Banks on Detecting Iran Linked Terror Financing

Financial Crimes Enforcement Network (FinCEN) issued an advisory to banks raising concerns about potential money laundering and terrorist financing activities associated with the Islamic Republic of Iran-backed terrorist organizations. The advisory is intended to aid institutions detect and report suspected money laundering or terrorist financing activities. See this article for details from the advisory and a view on key typologies used by terrorist organizations to illicitly access or circumvent the international financial system.

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