FinCEN issues an Alert exposing procurement networks supporting Iran’s commercial aviation industry, providing FIs with indicators to detect and report related transactions linked to IRGC & its proxies

Issued alongside OFAC’s aviation-sector sanctions, the alert is intended to support the identification and reporting of financial activity associated with networks procuring goods for Iranian airlines. FinCEN links these procurement structures to Iran’s efforts to circumvent restrictions and to aviation activity supporting the Islamic Revolutionary Guard Corps and its proxies…