Zenoo Compliance Brief
U.S. Treasury dismantles $150m Iranian crypto laundering network
Plus, State Street cops $7.5m OFAC fine for Russian breaches, Iran General License W takes effect May 1, and GAFA maps AI's role in 2026 AML.
20 February 2026 · 4 min read
Treasury's latest enforcement action cuts into the infrastructure Iranian actors use to dodge sanctions through cryptocurrency. It's a reminder that digital asset networks remain a priority target for OFAC. We've also got State Street's Russian violations, a fresh Iran general licence you'll want to flag to your desk, and research on where AI is actually landing in AML compliance next year, not just where vendors say it will.
In today's brief
- 1 How did Iranian entities move $150m through crypto to bypass U.S. financial controls?
- 2 What State Street's Russia screening gaps reveal about data provider control weaknesses.
- 3 What OFAC's Iran wind-down license means for transaction screening protocols this quarter?
- 4 Are financial institutions finally solving the false positive problem that's crippled AML teams for a decade?
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