FDIC: FIL-67-2006: Multibanka, Riga, Latvia - Withdrawal of Designation of Primary Money Laundering Concern

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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The Department of the Treasury has withdrawn the finding and proposed notice for rulemaking for Multibanka, Riga, Latvia, as a financial institution of primary money laundering concern.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The notice of proposed rulemaking has been withdrawn as of July 13, 2006.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

Printable Format:
FIL-67-2006 - PDF 35k (PDF Help)

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 07/26/2006

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