On June 6, 2025, FinCEN issued an advisory highlighting the Iranian regime’s use of illicit oil smuggling, shadow banking, and weapons procurement networks to finance destabilizing activities across the region and beyond.
Key red flags include:
- Funds routed through multiple exchange houses with unusual fees
- Wire transfers lacking source information or mismatched with stated business activity
- Business activity inconsistent with historical transaction patterns
- Middle Eastern company receiving oil payments, then transferring funds to firms in Hong Kong or China
- Oil labeled as “Malaysian blend” despite AIS transmission irregularities
- Vessels frequently changing names or flags after sanctions designation
- Use of false or decommissioned IMO numbers
Read more at FCC Times https://www.fcctimes.com/2025/06/06/fincen-issues-new-advisory-to-bolster-financial-institutions-role-in-identifying-iranian-sanctions-evasion/?utm_source=RZOLUTWebsite&utm_medium=FCCRegUpdate23Jul25
