Attached is a copy of the Department of the Treasury's April 1999 issue of FinCEN Advisory, published by the department's Financial Crimes
Enforcement Network (FinCEN). The attachment may also be found at www.treas.gov/press/releases/docs/antigua.pdf.
FinCEN Advisory is designed to keep financial
institutions, regulatory agencies and law enforcement agencies advised of trends and
developments related to money laundering and financial crime. The periodical provides
intelligence and analysis for case support to federal, state, local and international law
enforcement and regulatory agencies, while furnishing financial communities with the
information they need to help prevent and detect financial crime. For more information
about FinCEN programs, you may visit the FinCEN Web site at www.fincen.gov/
In a continuing effort to assist banks in Bank Secrecy Act compliance, anti-money
laundering efforts, and prevention and detection of other financial crimes, the Federal
Deposit Insurance Corporation (FDIC) forwards each issue of FinCEN Advisory to
FDIC-supervised banks. The current issue addresses enhanced scrutiny for transactions
involving Antigua and Barbuda. Please circulate copies to each department of your
institution with Bank Secrecy Act compliance and internal security responsibilities.
Comments about FinCEN Advisory should be addressed to the Financial Crimes
Enforcement Network, Office of Communications, U.S. Department of the Treasury, 2070 Chain
Bridge Road, Vienna, VA 22182. Comments may also be faxed to FinCEN at (703) 905-3885. For
your reference, all FDIC Financial Institution Letters published since January of 1995 may
be found on the FDIC's Web site at www.fdic.gov under "Banking News."
James L. Sexton
Distribution: FDIC-Supervised Banks (Commercial and Savings)
NOTE: Paper copies of FDIC financial institutions letters may be obtained through the
FDIC's Public Information Center, 801 17th Street, NW, Room100, Washington, DC 20434