US Treasury launches FinCEN’s first IMPACT Exchange, uniting FIs and law enforcement to block Iran’s access to the global financial system and disrupt its oil and shadow banking networks

The FinCEN IMPACT Exchange focused on Iran’s use of shadow banking networks to bypass sanctions and access the global financial system, enabling covert foreign exchange activities and oil trade. The event emphasized the importance of financial institutions safeguarding against these illicit networks to comply with U.S. sanctions and prevent terrorism funding…