Finance & markets · 31/01/1997

FDIC Rescinds Policy Statement on Large-Value Funds Transfers for Money Laundering Prevention

The FDIC is rescinding its policy statement on preventing the use of large-value funds transfers for money laundering, as it was replaced by an amendment to the Bank Secrecy Act regulations, following a systematic review of its regulations and policies under the Riegle Community Development and Regulatory Improvement Act of 1994.