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NEWS: FinCEN advisory warns of Iranian shadow banking

Premium June 6, 2025

The Iranian flag flutters in front of the International Atomic Energy Agency (IAEA) organisation's headquarters in Vienna, Austria, June 5, 2023. REUTERS/Leonhard Foeger/File Photo

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ANALYSIS: FATF’s 5 new reforms – including making originator, beneficiary data more transparent in cross-border payments over $1,000.

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CONFIRMED: FATF adds British Virgin Islands, Bolivia to AML ‘grey list’

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NEWS: VAT fraud among EU crime-fighting priorities for next 4 years

By PAUL O’DONOGHUE, Senior Correspondent

FINCEN, the U.S. AML (anti-money laundering) watchdog, has issued a new advisory warning financial institutions of Iranian oil smuggling and shadow banking.

The organization said the advisory notice was to assist financial institutions in “identifying, preventing, and reporting suspicious activity connected to Iranian illicit financial activity”.

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Premium

ANALYSIS: FATF’s 5 new reforms – including making originator, beneficiary data more transparent in cross-border payments over $1,000.

 Premium

CONFIRMED: FATF adds British Virgin Islands, Bolivia to AML ‘grey list’

 Premium

NEWS: VAT fraud among EU crime-fighting priorities for next 4 years

Regulatory Watch News

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