Search Results for keywords:"Islamic Revolutionary Guard Corps"

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Search Results: keywords:"Islamic Revolutionary Guard Corps"

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  • 2021-02377 — Report to Congress Pursuant to the National Defense Authorization Act for Fiscal Year 2013 (FY13 NDAA)
    Type:Notice
    Citation:86 FR 8473
    Reading Time:about 4 minutes

    The National Defense Authorization Act for Fiscal Year 2013, also known as the Iran Freedom and Counter-Proliferation Act of 2012, requires the Secretary of State to report every 180 days about Iran's use of certain materials. This report, covering the period from July 1, 2020, to December 31, 2020, found that Iran is not using the specified materials for exchanges but is listing gold as part of its assets and that Iran's construction sector is influenced by the Islamic Revolutionary Guard Corps (IRGC). Additionally, certain materials are connected with Iran's nuclear and military programs.

    Simple Explanation

    The report says that every six months, the U.S. checks if Iran is using certain materials, like metals and software, for trades or for its government money and if Iran's powerful group, the IRGC, controls parts of their economy. They found that Iran isn't trading these materials but is using gold as part of its money, and the IRGC is involved in construction. Some materials are linked to Iran's nuclear and military activities.

  • 2025-05349 — Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Reporting Obligations on Foreign Bank Relationships With Iranian-Linked Financial Institutions Designated Under IEEPA and IRGC-Linked Persons Designated Under IEEPA
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    Type:Notice
    Citation:90 FR 14183
    Reading Time:about 29 minutes

    The Financial Crimes Enforcement Network (FinCEN), part of the Treasury Department, is asking for public comments on their plan to renew a rule without changes. This rule requires U.S. banks to gather and report information about financial dealings with specific foreign banks that may do business with Iranian-linked institutions or people associated with the Islamic Revolutionary Guard Corps (IRGC). FinCEN's aim is to continue enforcing these information collections to help monitor and regulate financial activities, with the ultimate goal of preventing money laundering and terrorism financing. The request for comments is in line with efforts to reduce paperwork and examine the burden these regulations place on both U.S. and foreign banks.

    Simple Explanation

    FinCEN, a part of the U.S. government, wants to keep a rule that asks U.S. banks to check if foreign banks they're connected with are doing business with some Iranian groups. They're asking people to share their thoughts on how this rule affects banks and might help catch bad guys moving money.