US issues alert to banks on IRGC efforts to evade sanctions

“WASHINGTON, May 11 (Reuters) - The United States on Monday issued an alert to financial institutions warning of efforts by the Islamic Revolutionary Guard Corps' to evade U.S. sanctions, as concerns mount of a resumption of hostilities in the conflict with Iran. The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) said it issued the alert to assist financial institutions in identifying those funding and facilitating procurement networks supporting the IRGC.

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