High Risk Foreign Banks Beware: Expanded Use of § 311 Projected in FinCEN 2020 Budget
September 17, 2019
Banks serving clients in the many countries the U.S. views as high risk for money laundering should be aware that the U.S. Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, plans to expand its use of “special measures” to fight money laundering and terrorist financing.
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