FinCEN Updates: FinCEN Identifies Iran as Jurisdiction of Primary Money Laundering Concern

October 28, 2019

The U.S. Departments of the Treasury and State announced a new humanitarian mechanism to ensure unprecedented transparency into humanitarian trade with Iran, helping the international community perform enhanced due diligence on humanitarian trade to ensure that funds associated with permissible trade in support of the Iranian people are not diverted by the Iranian regime to develop ballistic missiles, support terrorism, or finance other malign activities. 

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