The Globe and Mail reports in its Tuesday edition that Canada's anti-money-laundering agency, the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC), plans to instruct banks and regulated businesses to enhance scrutiny of funds linked to Iran due to a rise in suspicious transactions. The Globe's Rita Trichur and Mike Hager write that this will be FinTRAC's second advisory on Iran this year. Financial intelligence agencies are increasing their focus on Iran amid rising geopolitical tensions following recent military actions in the region. FinTRAC's directive to businesses will be based on new recommendations from the Financial Action Task Force (FATF), the global body that sets standards to fight financial crime. The FATF recently issued a "call for action" regarding countries on its "black list," including Iran, North Korea and Myanmar. Those high-risk jurisdictions are deemed to have "significant strategic deficiencies" in their regimes that elevate the hazard of money laundering, terrorist fundraising and the financing of weaponry. On June 13, the FATF emphasized that Iran has not completed a 2016 action plan aimed at improving customer due diligence and bank scrutiny of wire transfers.