FinCEN Alert: AML Compliance Implications of IRGC Sanctions Evasion and Illicit Finance

In May, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued Alert FIN-2026-Alert002 , warning financial institutions about the use of front companies, financial facilitators, and digital asset infrastructure by Iran's Islamic Revolutionary Guard Corps (IRGC) to evade sanctions and launder proceeds. The Alert represents an escalation in U.S. government…