Regulatory Alerts2005-04-26
Added
Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations—Imposition of Special Measure Against Multibanka
FinCEN proposes to impose a special measure against Multibanka, a joint stock company commercial bank in Latvia, designating it as a financial institution of primary money laundering concern. The proposed rule would prohibit or condition the opening or maintaining of correspondent or payable-through accounts for Multibanka by U.S. financial institutions. Written comments on this notice of proposed rulemaking must be submitted on or before May 26, 2005.