On May 11, 2026, the US Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued an alert (the “Alert”) to financial institutions outlining funding streams and procurement networks that support Iran’s Islamic Revolutionary Guard Corps (“IRGC”). The Alert supplements an earlier June 6, 2025 FinCEN Advisory on the Iranian Regime’s Illicit Oil Smuggling Activities, Shadow Banking Networks, and Weapons Procurement Efforts, as well as FinCEN’s May 8, 2024 Advisory to to Counter the Financing…