Iran
Business as Usual in Dubai, but Fluid Situation
In the initial weeks since the war against Iran began 28 February, trade finance operations in banks in Dubai have
OFAC, FinCEN Actions Target Iran’s Shadow Banking Network
Two divisions within the US Department of the Treasury took coordinated steps on 6 June 2025 to counteract Iranian operations
2025 Americas TF Compliance Annual Meeting: Executive Summary
For the 7th year, the Institute of International Banking Law & Practice conducted its one-day Americas Trade Finance Compliance Annual Meeting. This summary provides an overview of topics discussed at the conference hosted by S&P Global on 2 April 2025 in New York and conducted as a hybrid event.
Export Controls a Vital Catalyst for WMD Controls
Past experience has shown effective implementation and enforcement of export controls are a key to counteracting WMD programmes.
OFAC Broadens Sanctions Targeting Houthi Network
On 10 June 2024, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions ten individuals, entities,
Complaints That Banks Aided Terrorists Fail
In Wildman v. Deutsche Bank, the US District Court for the Eastern District of New York dismissed an action brought
2022 ABA/ABA Financial Crimes Enforcement Conference: Executive Summary
For the first time in three years, the American Bar Association and the American Bankers Association (ABA) hosted their Financial Crimes Enforcement Conference in-person, 5-7 December 2022.
Iran, Russia Agree on SWIFT Substitute
With Iranian banks and some Russian banks unable to use SWIFT, the central banks of the two countries signed an
FATF Updates Its Listing of Jurisdictions Under Increased Monitoring
The Financial Action Task Force (FATF) identified 23 jurisdictions under increased monitoring in October 2021 which are actively working with
