On October 23, FinCEN released a new Financial Trend Analysis identifying approximately $9 billion in potential Iranian shadow banking activity that flowed through U.S. correspondent accounts in 2024.

On October 23, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a Financial Trend Analysis (“FTA”), identifying $9 billion of potential Iranian shadow ...

The implosion of New York-based Archegos Capital Management and the resulting losses for global banks is likely to intensify regulatory efforts to curtail the ballooning shadow banking sector and shed ...

In an escalation of efforts to curb Iran’s illicit financial activities, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on September 16, 2025, ...

Shadow banking refers mainly to methods by which credit is created outside of the traditional banking system and beyond the oversight of regulators, often leading to the build-up of dangerous ...

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Shadow banking — a term coined in the U.S. in 2007 — refers to financial services offered outside the formal banking system, which is highly regulated. China's property sector, an estimated one-fourth ...