Regulatory Alerts2004-05-18
Added
Imposition of a Special Measure Against Commercial Bank of Syria, Including Its Subsidiary, Syrian Lebanese Commercial Bank, as a Financial Institution of Primary Money Laundering Concern
The Financial Crimes Enforcement Network proposes to impose a special measure against Commercial Bank of Syria and its subsidiary, Syrian Lebanese Commercial Bank, designating them as financial institutions of primary money laundering concern. This proposed rule would prohibit or condition the opening or maintaining of correspondent or payable-through accounts by domestic financial institutions for or on behalf of these entities. Written comments on the notice of proposed rulemaking must be submitted on or before June 17, 2004.