FinCEN issues advisory on Iran’s illicit crypto use

FinCEN issues advisory on Iran’s illicit crypto use

The Financial Crimes Enforcement Network (FinCEN) released an advisory to aid the financial institutions to detect the illicit transactions linked to the Islamic Republic of Iran. The regulator stressed that the ‘illicit and malign’ use of crypto in Iran to exploit the financial system include nearly $3.8 million worth bitcoin-denominated transactions each year.

Leave a Reply

Your email address will not be published. Required fields are marked *