Finance & markets · 03/06/2016Updated: 10/17/2026 · 1 min read
FinCEN Imposes Special Measure Against North Korea for Money Laundering Concerns
Summary
The Financial Crimes Enforcement Network (FinCEN) has issued a proposed rule to prohibit U.S. financial institutions from opening or maintaining correspondent accounts with North Korean banks and to restrict transactions with North Korean financial institutions.
Original source language: Federal Register — Department of the TreasuryOpen original release →