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- 🧨 War, Sanctions & Consent Orders — The Risks Just Got Real
🧨 War, Sanctions & Consent Orders — The Risks Just Got Real
Illicit Edge - Edition for June 16, 2025
🔥 PODCAST DROP!
New episode of FinCrime Unfiltered lands at a critical moment.
🎙️ As war breaks out between Israel and Iran, sanctions and compliance risks are evolving fast — and financial institutions need to stay sharp.
In this episode (recorded just before the conflict), Sarah Beth Felix breaks down FinCEN’s June 6 advisory on Iranian illicit oil smuggling and the FDIC’s consent order against Cheyenne State Bank, revealing urgent lessons for AML teams:
👉 How Iran masks its networks through global front companies
👉 Why the FDIC barred Cheyenne from launching new products
👉 The risk of relying on account-level risk ratings
👉 What ineffective model validation really costs
In partnership with:
🚀 Join our live web event!
Everyday AI for Compliance Teams
How Investigators Work Smarter with Hummingbird
🗓️ Wednesday, June 25th
⏰ 11am PT / 2pm ET
🚨 Inside the Episode:
👉 Why internal controls — not just policies — are breaking programs
👉 How account-level risk ratings dilute customer risk
👉 Why small banks are not immune from Iranian-linked activity
👉 What FinCEN’s advisory signals about future enforcement
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FinCrime Unfiltered is built for compliance pros who want real insight, not recycled talking points. If you care about what’s hiding in your blind spots — this one’s for you.
Questions or feedback? Email us at [email protected]
More soon from... ILLICIT EDGE