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

Summary

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.

Original source language: Federal Register — Federal Deposit Insurance CorporationOpen original release →

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