← Treasury Federal Register rules

Financial Crimes Enforcement Network; Withdrawal of Finding Regarding JSC CredexBank

aml-bsa-fincen · FinCEN · Rule · Published 2016-03-17 · 81 FR 14389

Document

Document number
2016-04412
Federal Register citation
81 FR 14389
CFR reference
31 CFR 1010
Type
Rule
Action
Withdrawal of finding.
Category
aml-bsa-fincen
Sub-agency
FinCEN
Publication date
2016-03-17

Abstract

This document withdraws FinCEN's finding that JSC CredexBank ("Credex"), renamed JSC InterPayBank ("InterPay"), is a financial institution of primary money laundering concern, pursuant to Section 311 of the USA PATRIOT Act ("Section 311"). Because of material subsequent developments that have mitigated the money laundering risks associated with Credex, FinCEN has determined that Credex is no longer a primary money laundering concern that warrants the implementation of a special measure under Section 311. Elsewhere in this issue of the Federal Register, FinCEN is publishing a withdrawal of the related notice of proposed rulemaking that would have imposed two special measures against Credex.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown