US FinCEN identifies $9bn of potential Iranian shadow banking activity

24 October 2025

US FinCEN identifies $9bn of potential Iranian shadow banking activityFly of Swallow Studio/Shutterstock.com

The US Financial Crimes Enforcement Network (FinCEN) has published a financial trend analysis identifying approximately USD 9 billion of potential Iranian shadow banking activity occurring through US correspondent accounts in 2024 – press release....

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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