Snapshot:
On September 16, 2026, FinCEN convened a FinCEN Exchange with global financial institutions as part of Operation Economic Outcast. Treasury provided participating institutions with intelligence on financial networks, facilitators, correspondent banking access points, and procurement channels used to move illicit funds and support Iranian proxy activities.
Why it Matters:
This update highlights Treasury’s continued emphasis on public-private information sharing as a key tool in combating illicit finance. For BSA/AML teams, it serves as another reminder to evaluate transaction monitoring, sanctions screening, correspondent banking controls, and suspicious activity reporting processes against evolving threats identified by FinCEN and Treasury.
Source:
Treasury Convenes Global Financial Institutions to Advance Operation Economic Outcast