FinCrime Intelligence Weekly
OFAC sanctions Nobitex and Iran's crypto rails, FinCEN makes ITIN accounts a due diligence question, Belgium closes in on Wise, and US and UK rules push programs toward effectiveness.
This week’s essential financial-crime reading.
On 2 June the US Treasury blacklisted four exchanges that move most of Iran's crypto, putting any foreign institution that touches them on notice of secondary sanctions.
A joint advisory issued on 5 June lists 18 red flags for unlawful-employment schemes and asks banks to weigh whether an ITIN used in place of an SSN is a risk factor.
Brussels is finalizing a case over roughly 500 million euros in suspicious flows tied to Wise Europe accounts. Wise says no findings have been shared and denies wrongdoing.
A FinCEN-led rewrite of the program rule would require AML programs to be effective and risk-based and to weigh FinCEN's national priorities. The comment window closes on 9 June.
The amending regulations are in their final parliamentary stage, with most measures due about three weeks after they are made. One survey says six in ten firms are unprepared.
Issue №1 · May 25 – 31, 2026
OFAC tightens on Iran and extends a Lukoil window, AMLA and a new EU anti-corruption directive advance, and an Australian court shows ignoring a regulator only raises the bill.
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