About this webinar
Recent U.S. government enforcement actions have put Iran sanctions evasion squarely back in the spotlight. The U.S. Treasury’s so-called “Operation Economic Outcast,” including OFAC’s designation of Türkiye-based Golden Global Yatirim Bankasi Anonim Sirketi and proposed USA PATRIOT Act Section 311 finding of Banque Misr’s United Arab Emirates branches to be financial institutions of primary money-laundering concern, signals an intensifying focus on financial institutions that facilitate or fail to detect Iran-related transactions.
This training session, led by former U.S. Treasury officials, will examine the enforcement and regulatory landscape around Iran sanctions evasion — and the correspondent banking due-diligence questions U.S. banks are increasingly raising with their respondent relationships as a result. Kharon's Mark Nakhla, Josh Shrager, and Andrew Sobotka will walk through the sanctions evasion typologies specific to Iran-related financial flows and the practical, tactical steps institutions can take to detect and derisk them. Drawing on live, open-source data, the session will present case studies that demonstrate sanctions evasion methodologies, offering valuable insights into how Iran-related actors leverage networks in third-party jurisdictions to illicitly acquire sensitive items and receive proceeds from oil sales through shadow banking channels — and how those networks can be traced. Participants will leave with open-source research skills and investigative techniques they can appl...
