Regulatory Alerts2024-09-26
Added · Updated
Withdrawal of Finding and Notice of Proposed Rulemaking Regarding ABLV Bank
The Financial Crimes Enforcement Network withdraws its 2018 finding that ABLV Bank AS was a financial institution of primary money laundering concern and rescinds the associated notice of proposed rulemaking. This action is taken because material subsequent developments, including the revocation of ABLV's banking license and its entry into supervised liquidation, have mitigated the money laundering risks previously identified. FinCEN further cites significant systemic improvements to Latvia's anti-money laundering and counter-terrorist financing regime as evidence that ABLV no longer poses a threat to the U.S. financial system.
More like this from FINCEN
FINCEN published 2 documents in the last 30 days. We email you each new one the day it's published.