- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2024-05-08T20:47:00
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) advised financial institutions in detecting illicit transactions related to Iran-backed terrorist organizations.
The agency’s advisory, issued Wednesday, contains information derived from FinCEN’s analysis of Bank Secrecy Act data, open-source reporting, and details provided by law enforcement partners.
“[W]e are issuing this advisory to help financial institutions protect the financial system from abuse by terrorists and to encourage financial institutions to stay vigilant in identifying and reporting related suspicious activity,” said Andrea Gacki, FinCEN’s director, in a press release.
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