Regulatory Alerts2002-11-01 | Advisory Withdrawal - Issue 25AAdded
Transactions Involving the Russian Federation (Advisory Withdrawal - Issue 25A)
FinCEN Advisory 25 regarding the Russian Federation is hereby withdrawn. Enhanced scrutiny with respect to transactions involving Russia is no longer necessary because Russia has enacted significant reforms to its counter-money laundering system and was removed from the Financial Action Task Force's list of non-cooperative countries. The withdrawal does not relieve banks and other financial institutions operating in the United States of their pre-existing and on-going obligation to report suspicious activity or comply with all other applicable provisions of law.
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