In a new advisory, the Financial Crimes Enforcement Network ("FinCEN") alerted financial institutions as to ways to help better detect and report the Iranian regime's efforts to evade U.S. sanctions.
FinCEN's advisory includes specific red flags and deceptive practices that may be employed by Iran. This notification comes just weeks ahead of the full re-imposition of U.S. sanctions (November 5, 2018), which were previously lifted under the Iran nuclear deal, also called the Joint Comprehensive Plan of Action (JCPOA).
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