US banks are now required to look for suspicious transactions linked to Iran's efforts to avoid economic sanctions. This is a new step to stop Iran from using money for harmful activities.

#IranSanctions, #MoneyLaundering, #USBanks, #FinancialCrime, #TreasuryDept
https://newsletter.tf/us-banks-track-iranian-illicit-finance-networks/

US Banks Must Watch for Iran's Money Laundering Networks

US financial watchdogs told banks to find and report Iranian illicit finance networks that use shell companies and crypto to hide money from oil sales.

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