Financial Crimes Enforcement Network September 27, 2024 – Federal Register Recent Federal Regulation Documents

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Proposal of Special Measure Against ABLV Bank, AS as a Financial Institution of Primary Money Laundering Concern; Withdrawal

Document Number: 2024-22299

Type: Proposed Rule

Date: 2024-09-27

Agency: Department of the Treasury, Financial Crimes Enforcement Network

This document withdraws FinCEN's finding that ABLV Bank AS (ABLV) is a financial institution of primary money laundering concern and the related notice of proposed rulemaking seeking to impose the fifth special measure regarding ABLV, 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 ABLV, FinCEN has determined ABLV is no longer a financial institution of primary money laundering concern that warrants the implementation of a special measure under section 311.

https://regulations.justia.com/regulations/fedreg/2024/09/27/2024-22299.html