Menu Home

Light at the end of the tunnel…

FinCEN is repealing the Section 311 pieces imposed on Banco Delta Asia – this is the first one I remember hearing about (not that there are many Section 311 Special Measures to begin with). So, that requires two pieces – both of which will be published in Federal Register on […]

FinCEN makes new unit to find new PMLCs

New FinCEN Division Focuses on Identifying Primary Foreign Money Laundering Threats Contact Steve Hudak, 703-905-3770 Immediate Release August 28, 2019 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has launched its Global Investigations Division (GID), which will be responsible for implementing targeted investigation strategies rooted in FinCEN’s unique authorities under the Bank Secrecy […]

FinCEN names ABLV Bank of Latvia an institution of Primary Money Laundering Concern (PMLC) under Section 311

FinCEN Names ABLV Bank of Latvia an Institution of Primary Money Laundering Concern and Proposes Section 311 Special Measure    Contact Steve Hudak, 703-905-3770 Immediate Release February 13, 2018   FinCEN Finds the Bank Orchestrates Money Laundering Schemes, Obstructs Regulatory Enforcement, and Has Conducted Activity Linked to North Korea WASHINGTON – The […]