A court in Bahrain imposed $1 million fines each on three executives of Future Bank, a financial institution accused of helping Iran evade sanctions and launder money. Each executive was also sentenced to five years in prison. In addition, the court fined the Central Bank of Iran and other Iranian banks involved in the evasion scheme $1 million each. According to the court, Future Bank violated Bahraini laws and regulations, including by transferring $2.7 billion through an informal alternative to the SWIFT system. Bahraini officials allege that Future Bank concealed transactions totaling $7 billion dollars between 2004 and 2015, involving hundreds of bank accounts and phantom loans to front companies for the Islamic Revolutionary Guard Corps (IRGC). Bahrain seized Future Bank's assets in 2016.