Regulatory Alerts2002-07-01 | Advisory Withdrawal - Issue 18AAdded
Transactions Involving Lebanon (Advisory Withdrawal - Issue 18A)
The Financial Crimes Enforcement Network withdraws Advisory Issue 18 regarding transactions involving Lebanon. Enhanced scrutiny for such transactions is no longer necessary because Lebanon has enacted significant reforms to its counter-money laundering system and implemented laws that generally meet international standards. This withdrawal does not relieve banks and other financial institutions operating in the United States of their pre-existing obligations to report suspicious activity or comply with all other applicable provisions of law.
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