A FinCEN final rule imposing strict prohibitions on the access of Iranian financial institutions to the U.S. financial system due to money laundering concerns was published in the Federal Register.
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Upon finding that Iran is a "jurisdiction of primary money laundering concern," FinCEN adopted a final rule imposing strict prohibitions on the access of Iranian financial institutions to the U.S. financial system.
The U.S. Treasury Department Financial Crimes Enforcement Network issued an advisory describing how corrupt foreign "politically exposed persons" access the U.S. financial system.