SB 792, the Financial Institutions Act, aims to prevent money laundering and terrorist financing. It would give the Office of Financial Regulation (OFR) the authority to mandate that all Florida state-chartered banks certify that their corresponding banks are not engaged in proscribed activities with Iranian linked financial institutions. This includes Iranian banks located outside of Iran that are on the Treasury Specially Designated Nationals (TSDN) List and/or the Financial Crimes Enforcement Network (FECN) List, and/or the Islamic Revolutionary Guard Corps (IRGC), among others.
Please write your Senators to thank them for their support of the bill:
Senator Don Gaetz (bill sponsor)
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