Navigating the Hidden Web of Iranian Shadow Banking: Legal and Compliance Implications for U.S. Businesses.

The Financial Crimes Enforcement Network (FinCEN) recently released its Financial Trend Analysis on Iranian Shadow Banking , revealing an intricate $9 billion global network of shell and front companies used by the Iranian regime to evade U.S. sanctions. While the report centers on national security and sanctions enforcement, its findings

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FinCEN.gov

WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis (FTA) identifying approximately $9 billion of potential Iranian shadow banking activity that occurred through U.S. correspondent accounts in 2024, based on reporting from U.S. financial institutions.

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U.S. Sanctions Cybercriminal Networks: What It Means for Business Litigation, M&A Due Diligence, and Tax Compliance.

On October 19, 2023, the U.S. Treasury Department, in coordination with the U.K. government, announced the largest-ever joint sanctions targeting cybercriminal networks in Southeast Asia. This move highlights growing global efforts to combat cyber fraud, money laundering, and human trafficking, with broad implications for U.S. businesses engaged in cross-border operations.

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Treasury, IRS provide transition relief for 2025 for businesses reporting car loan interest under the One, Big, Beautiful Bill

IR-2025-105, Oct. 21, 2025 — The Department of the Treasury and the Internal Revenue Service today provided transitional guidance for businesses required to report car loan interest under the One, Big, Beautiful Bill. Notice 2025-57 provides penalty relief and guidance to certain lenders for new information reporting requirements for car

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