From Sanctions Wiki

Share/Save/Bookmark Jump to: navigation, search



July 26, 2011 – FinCEN Withdraws Section 311 Actions Against Latvia’s VEF Banka FinCen Withdrawal Notice

The Financial Crimes Enforcement Network (FinCEN) has submitted a document to the Federal Register that withdraws its April 2005 finding under Section 311 of the USA PATRIOT ACT, which determined VEF Banka to be a financial institution of primary money laundering concern. FinCEN is also withdrawing the final rule against VEF Banka that imposed a special measure that prohibited U.S. financial institutions from—directly or indirectly—opening or maintaining correspondent accounts in the U.S. for VEF Banka.

July 13, 2006 – DEPARTMENT OF THE TREASURY 31 CFR Part 103 RIN 1506–AA82 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act

AGENCY: Financial Crimes Enforcement Network, Department of the Treasury.

ACTION: Final rule.

VEF Banka listed, accused of Money Laundering

VEF, a commercial bank in Latvia. The fifth special measure prohibits or conditions the opening or maintaining of correspondent or payable-through accounts for the designated institution by U.S. financial institutions.

FinCen Sanction

Retrieved from “ Embargoed Countries | FinCen Embargoed Countries