Approximately $9 billion of potential shadow-banking flows tied to Iranian networks in 2024, according to a new report from the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The report highlights how illicit funds are making their way through financial institutions as they meet the requirements of the Bank Secrecy Act.

Approximately $9 billion of potential shadow-banking flows tied to Iranian networks in 2024, according to a new report from the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The report highlights how illicit funds are making their way through financial institutions as they meet the requirements of the Bank Secrecy Act.

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Oscar Gonzalez is a freelance writer and editor who covers tech, misinformation, business, and the stock market. He's written for Gizmodo, CNET, TheStreet, CBS, and NBC. Email: oscar.gonzalez@complianceweek.com LinkedIn:...