Regulatory Alerts2025-09-24
SR 25-3: Imposition of Special Measures by FinCEN
The Federal Reserve Board issues SR 25-3 to advise supervised financial institutions of special measures imposed by FinCEN under the USA PATRIOT Act and related legislation. These measures create legal obligations for covered institutions regarding entities designated as primary money laundering concerns, including record-keeping, beneficial ownership identification, and account prohibitions. Institutions must refer to specific FinCEN rulemakings or orders to determine the applicable requirements for each designated entity.
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