Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank



Home > News & Events > Inactive Financial Institution Letters




Inactive Financial Institution Letters

Bank Secrecy Act
Multibanka, Riga, Latvia – Withdrawal of Designation of Primary Money Laundering Concern
FIL-67-2006
July 26, 2006


Summary: The Department of the Treasury has withdrawn the finding and proposed notice for rulemaking for Multibanka, Riga, Latvia, as a financial institution of primary money laundering concern.

Highlights:
  • On July 12, 2006, the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) withdrew its finding of April 26, 2005, designating Multibanka, Riga, Latvia, to be a financial institution of "primary money laundering concern" under Section 311 of the USA PATRIOT Act.
  • The notice of proposed rulemaking has been withdrawn as of July 13, 2006.
  • Please distribute this information to the appropriate personnel in your institution.

Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
BSA Compliance Officer

Related Topics:
Bank Secrecy Act

Attachment:
Federal Register notice - PDF 62k (PDF Help)

Contact:
Review Examiner Debra L. Novak at SASFIL@FDIC.gov or (202) 898-3673

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2006/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 North Fairfax Drive, Room E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).



Last Updated 11/14/2018 communications@fdic.gov

Skip Footer back to content