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Financial Crimes Enforcement Network; Anti-Money Laundering Requirements-Correspondent Accounts for Foreign Shell Banks; Recordkeeping and Termination of Correspondent Accounts for Foreign Banks

aml-bsa-fincen · FinCEN · Rule · Published 2002-12-24 · Effective 2002-12-24 · 67 FR 78383

Document

Document number
02-32333
Federal Register citation
67 FR 78383
CFR reference
31 CFR 103
Type
Rule
Action
Final rule.
Category
aml-bsa-fincen
Sub-agency
FinCEN
Publication date
2002-12-24
Effective date
2002-12-24

Abstract

FinCEN is issuing this final rule to extend the time by which certain financial institutions must obtain information from each foreign bank for which they maintain a correspondent account concerning the foreign bank's status as "shell" bank, whether the foreign bank provides banking services to foreign shell banks, certain owners of the foreign bank, and the identity of a person in the United States to accept service of legal process.

Source

Authoritative
Federal Register document
Machine
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