Regulatory Alerts2003-11-25
Added
Designation of Burma as a Jurisdiction of Primary Money Laundering Concern and Designation of Myanmar Mayflower Bank and Asia Wealth Bank as Financial Institutions of Primary Money Laundering Concern
The Secretary of the Treasury designated Burma (also known as Myanmar) as a jurisdiction of primary money laundering concern and designated the Burmese financial institutions Myanmar Mayflower Bank and Asia Wealth Bank as financial institutions of primary money laundering concern. These designations were made pursuant to 31 U.S.C. 5318A, as added by section 311(a) of the USA PATRIOT Act of 2001. The designations became effective on November 18, 2003.