Regulatory Alerts2005-09-20
Added
Finding That Banco Delta Asia SARL Is a Financial Institution of Primary Money Laundering Concern
The Secretary of the Treasury, through the Director of the Financial Crimes Enforcement Network, finds that Banco Delta Asia SARL is a financial institution of primary money laundering concern effective September 20, 2005. This determination is based on the bank's provision of financial services to North Korean government agencies and front companies engaged in illicit activities, including money laundering and counterfeiting. The finding authorizes the Secretary to impose special measures against the institution under Section 311 of the USA PATRIOT Act.