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Imposition of Special Measures Against Myanmar Mayflower Bank and Asia Wealth Bank

aml-bsa-fincen · FinCEN · Rule · Published 2004-04-12 · Effective 2004-05-12 · 69 FR 19098

Document

Document number
04-8026
Federal Register citation
69 FR 19098
CFR reference
31 CFR 103
Type
Rule
Action
Final rule.
Category
aml-bsa-fincen
Sub-agency
FinCEN
Publication date
2004-04-12
Effective date
2004-05-12

Abstract

On November 18, 2003, the Secretary of the Treasury (Secretary) designated Myanmar Mayflower Bank (Mayflower Bank) and Asia Wealth Bank, both Burmese banks, as financial institutions of primary money laundering concern, and proposed a special measure certain U.S. financial institutions would be required to take concerning these two banks, pursuant to 31 U.S.C. 5318A, as added by section 311 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001. FinCEN is issuing this final rule to require certain U.S. financial institutions to take the proposed special measure with respect to these two institutions.

Source

Authoritative
Federal Register document
Machine
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