From FinCEN: Treasury Convenes Financial Institutions, Law Enforcement, in Washington, D.C. in Support of the U.S. Maximum Pressure Campaign Against Iran

WASHINGTON—Today, U.S. Secretary of the Treasury Scott Bessent led a public-private partnership event with 16 systemically important global financial institutions and federal law enforcement agencies, focused on denying Iran access to the global financial system. This event was the first in FinCEN’s “Iran Maximum Pressure and Counter Terrorism” (or IMPACT) Exchange series. The event focused on Iran’s sprawling global oil and “shadow banking” networks.This type of public-private information exchange is a key part of Treasury’s role in implementing President Trump’s National Security Presidential Memorandum-2 (NSPM-2). NSPM-2 states that it is the policy of the United States to enact maximum pressure on the Islamic Republic of Iran to end its nuclear threat, curtail its ballistic missile program, and stop its support for terrorist groups.“As Treasury Secretary, I want to assure the American people that I am fully committed to using every available tool to prevent Iran and its