Finance & markets · 04/03/2016

FinCEN Withdraws Proposed Rulemaking on Banca Privada d'Andorra

The Financial Crimes Enforcement Network (FinCEN) has withdrawn its notice of proposed rulemaking to ban Banca Privada d'Andorra (BPA) due to reduced money laundering risks, following material developments that have mitigated these concerns. This decision follows a related finding published elsewhere in the Federal Register.