Regulatory Alerts2006-03-15
Added
Amendment to the Bank Secrecy Act Regulation Special Measure Against Commercial Bank of Syria
The Financial Crimes Enforcement Network imposes a special measure against Commercial Bank of Syria, including its subsidiary Syrian Lebanese Commercial Bank, prohibiting or imposing conditions on the opening or maintaining of correspondent or payable-through accounts for or on behalf of these entities. This final rule, effective April 14, 2006, applies to domestic financial institutions and domestic financial agencies subject to the Bank Secrecy Act.