US issues alert to banks on IRGC efforts to evade sanctions

The United States issued an alert to financial institutions regarding the Islamic Revolutionary Guard Corps’ efforts to evade U.S. sanctions, amid concerns about a potential resumption of hostilities with Iran. FinCEN identified the IRGC’s use of front companies and digital assets to circumvent sanctions. President Trump stated that the ceasefire with Iran is ‘on life support,’ raising concerns about further conflict.