SUMMARY: FinCEN is issuing a notice of proposed rulemaking (NPRM), pursuant to section 311 of the USA PATRIOT Act, to prohibit the opening or maintaining of a correspondent account in the United States for, or on behalf of, Bank of Dandong
More specifically, FinCEN alleges that Bank of Dandong served as a conduit through which companies involved in North Korea’s WMD and ballistic Jun 30, 2017 · Based on FinCEN’s analysis, Bank of Dandong processed approximately $56 million through U
31 CFR Part 1010-- RIN 1506-AB38 Proposal of Special Measure against Bank of Dandong as a Financial Institution of Primary Money Laundering Concern
Special Measure Against Bank of Dandong as a Financial Institution of Primary Money Laundering Concern
On June 29, 2017, FinCEN found Bank of Dandong to be of “primary money laundering concern” for serving as a gateway for
Les ministres de la Défense de l'Allemagne et de la France visitent le site allemand d’Airbus à Manching
Manching Distance
Interestingly enough one of the greatest Celtic finds EVER was found right here in Germany, in the Upper Bavarian town of Manching to be more precise
SUMMARY: FinCEN is issuing this final rule to prohibit covered U
Just two weeks ago, FinCEN also issued an NPRM pursuant to section 311 of the USA PATRIOT Act, finding that Iraq-based Al-Huda bank is a primary money
4 FinCEN, Final Rule—Imposition of Special Measure Against Bank of Dandong as a Financial Institution of Primary Money Laundering Concern, 82 FR 51758 (Nov
3506(c)(2)(A)
UPDATE: FinCEN scheduled the rule for publication on November 8, 2017, which will make the rule's effective date Friday, December 8
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Before the indictments, Ma and Dandong Hongxiang routed money to North Korea through China, Singapore, Cambodia, the U
The full notice can be viewed on the Treasury site: with the final rule issued by FinCEN under Section 311 of the USA PATRIOT Act prohibiting U
financial system
Special Measure Against Bank of Dandong as a Financial Institution of Primary Money Laundering Concern
financial system
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A covered financial institution shall apply special due diligence to its foreign
Terms and conditions apply
financial institutions from opening or maintaining correspondent accounts for, or on behalf of, Bank of Dandong
FinCEN Further Restricts North Korea’s Access to the U
Bank of Dandong also facilitates financial activity for North The NPRM sets forth FinCEN’s finding that Bank of Dandong, a commercial bank located in Dandong, China, is a financial institution of primary money laundering concern pursuant to Section 311, and 2
5318A