[DOWNLOAD] "Imposition of Special Measure against Bank of Dandong as Financial Institution of Primary Money Laundering Concern (US Financial Crimes Enforcement Network Regulation) (FINCEN) (2018 Edition)" by The Law Library # Book PDF Kindle ePub Free

Imposition of Special Measure against Bank of Dandong as Financial Institution of Primary Money Laundering Concern (US Financial Crimes Enforcement Network Regulation) (FINCEN) (2018 Edition)

eBook details

Title: Imposition of Special Measure against Bank of Dandong as Financial Institution of Primary Money Laundering Concern (US Financial Crimes Enforcement Network Regulation) (FINCEN) (2018 Edition)
Author : The Law Library
Release Date : January 06, 2018
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 127 KB

Description

The Law Library presents the complete text of the Imposition of Special Measure against Bank of Dandong as Financial Institution of Primary Money Laundering Concern (US Financial Crimes Enforcement Network Regulation) (FINCEN) (2018 Edition).
Updated as of May 29, 2018

FinCEN is issuing this final rule to prohibit covered U.S. financial institutions from opening or maintaining a correspondent account for, or on behalf of, Bank of Dandong Co., Ltd. (Bank of Dandong) as a financial institution of primary money laundering concern pursuant to Section 311 of the USA PATRIOT Act (Section 311). The rule further requires covered U.S. financial institutions to take reasonable steps not to process transactions for the correspondent account of a foreign banking institution in the United States if such a transaction involves Bank of Dandong. It also requires covered institutions to apply special due diligence to their foreign correspondent accounts that is reasonably designed to guard against their use to process transactions involving Bank of Dandong.

This ebook contains:
- The complete text of the Imposition of Special Measure against Bank of Dandong as Financial Institution of Primary Money Laundering Concern (US Financial Crimes Enforcement Network Regulation) (FINCEN) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure