Notice of Finding That Liberty Reserve S.A. Is a Financial Institution of Primary Money Laundering Concern

The Director of the Financial Crimes Enforcement Network (FinCEN) found that Liberty Reserve S.A. is a financial institution operating outside the United States that is of primary money laundering concern, effective May 28, 2013. This finding authorizes domestic financial institutions and financial agencies to take special measures to address the risk posed by Liberty Reserve. The determination is based on Liberty Reserve's structure facilitating anonymous transactions, lack of customer due diligence, and extensive use for illicit activities including fraud, ransom payments, and terrorism financing.

FINCEN published 7 documents in the last 30 days — get each new one by email the day it lands.

(BILLINGCODE: 4810-02)

DEPARTMENT OF THE TREASURY

Notice of Finding That Liberty Reserve S.A. Is a Financial Institution of Primary Money Laundering Concern

AGENCY: Financial Crimes Enforcement Network, Treasury (FinCEN).

ACTION: Notice of finding.

SUMMARY: This document provides notice that, pursuant to the authority contained in 31 U.S.C. 5318A, the Director of FinCEN found on May 28, 2013, that Liberty Reserve S.A. (Liberty Reserve) is a financial institution operating outside the United States that is of primary money laundering concern.

Read the rest free, and get an email when FINCEN publishes again

Email me when FINCEN publishes something newOne email per publication, same day. Sign in below to keep reading.

Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Source: Financial Crimes Enforcement Network — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works