A recent Bahraini government audit revealed that the now-closed Future Bank, a joint venture between Iran's Bank Melli and Bank Saderat and Bahrain's Ahli United Bank, altered financial records to mask illicit trade between Iran and foreign partners. Between 2004 and 2015, Future Bank concealed $4.7 billion in Iranian transactions using wire-stripping; another $2.7 billion in transactions were hidden using an alternative to the SWIFT system. Auditors also found hundreds of bank accounts tied to individuals convicted of money laundering and terrorist financing and loans provided to front companies operated by Iran’s Islamic Revolutionary Guard Corps (IRGC).