Finance & markets · 31/03/2016Updated: 10/17/2026 · 1 min read
U.S. Imposes Prohibition on Correspondent Accounts for FBME Bank Ltd.
Summary
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has issued a final rule prohibiting U.S. financial institutions from opening or maintaining correspondent accounts for FBME Bank Ltd., a financial institution of primary money laundering concern, following a court injunction of a previous rule published in 2015.
Original source language: Federal Register — Department of the TreasuryOpen original release →