The Financial Crimes Enforcement Network issued a final rule under Section 311 of the USA PATRIOT Act finding that Iran is a jurisdiction of "primary money laundering concern" and prohibiting the opening or maintaining of correspondent accounts in the U.S. for Iranian financial institutions.
October 25, 2019
The Treasury Department's Office of Inspector General published a report on the Financial Crimes Enforcement Network's standard operating procedures for imposing special measures on foreign jurisdictions and foreign financial institutions determined to be of a primary money laundering concern.
September 4, 2019