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…
As summarized in our prior post, on March 2, 2022, the US Department of Transportation (USDOT) and Federal Aviation Administration (FAA) issued prohibitions on Russian flight operations in US airspace. On March 2, 2022, the FAA issued a Notice to Air Missions (NOTAM) that prohibited Russian airlines and operators from using US airspace. On March 10, 2022, the FAA issued a revised NOTAM (2/2415) to clarify applicability. The new NOTAM revised the language regarding prohibited…
On March 1, President Biden announced the closure of US airspace to all Russian flights. According to the US Department of Transportation (USDOT), the restrictions are scheduled to be fully effective by the end of today, March 2, 2022. The restrictions will be implemented in two ways. First, the Federal Aviation Administration will issue a Notice to Airmen (NOTAM) that will prohibit Russian airlines and operators from using US airspace. As of the publication of…