Transactions Involving Antigua and Barbuda (Advisory Withdrawal - Issue 11A)

Subject:
Transactions
Involving
Antigua and
Barbuda
Date:
August
2001
Advisory:
Issue
11A
United States Department of the Treasury Financial Crimes Enforcement Network This Advisory is being issued to inform banks and other financial institutions operating in the United States that Financial Crimes Enforcement Network (FinCEN) Advisory 11, regarding Antigua and Barbuda, is hereby withdrawn. Since the issuance of Advisory 11, Antigua and Barbuda has enacted significant reforms to its counter-money laundering system, addressing the points noted in Advisory 11, and has taken concrete steps to bring these reforms into effect. Because of the enactment of new laws and the beginning of effective implementation, enhanced scrutiny with respect to transactions involving Antigua and Barbuda, as called for in Advisory 11, is no longer necessary. The withdrawal of Advisory 11 does not relieve institutions of their pre-existing and on-going obligation to report suspicious activity, as set forth in regulations issued by FinCEN and by the federal bank supervisory agencies, as well as their obligation to comply with all other applicable provisions of law. FinCEN Advisory is a product of the Financial Crimes Enforcement Network, U.S. Department of the Treasury, 2070 Chain Bridge Road, Vienna, VA 22182, (703) 905-3773. For more information about FinCEN’s programs, visit the FinCEN website at http://www.fincen.gov. Questions or comments regarding the contents of the FinCEN Advisory should be addressed to the Office of Communications, FinCEN. Information may also be faxed to (703) 905-3885.