Treasury Department, Financial Crimes Enforcement Network
This document provides notice that, pursuant to the authority contained in 31 U.S.C. 5318A, the Director of FinCEN found on July 15, 2014, that reasonable grounds exist for concluding that FBME Bank Ltd. ("FBME" or the "Bank"), formerly known as Federal Bank of the Middle East, Ltd., defined to include all of its branches, subsidiaries, and offices, is a financial institution operating outside of the United States of primary money laundering concern.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Financial Crimes Enforcement Network AGENCY: Financial Crimes Enforcement Network (“FinCEN”), Treasury. ACTION: Notice of finding. SUMMARY: This document provides notice that, pursuant to the authority contained in 31 U.S.C. 5318A , the Director of FinCEN found on July 15, 2014, that reasonable grounds exist for concluding that FBME Bank Ltd. (“FBME” or the “Bank”), formerly known as Federal Bank of the Middle East, Ltd., defined to include all of its branches, subsidiaries, and offices, is a financial institution operating outside of the United States of primary money laundering concern. DATES: The finding referred to in this notice was effective as of July 15, 2014. FOR FURTHER INFORMATION CONTACT: FinCEN, (800) 767-2825. SUPPLEMENTARY INFORMATION: I. Statutory Provisions On October 26, 2001, the President signed into law the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (the “USA PATRIOT Act”), Public Law 107-56 . Title III of the USA PATRIOT Act amends the anti-money laundering (“AML”) provisions of the Bank Secrecy Act (“BSA”), codified at 12 U.S.C. 1829b , 12 U.S.C 1951-1959 , and 31 U.S.C. 5311-5314 , 5316-5332 , to promote the prevention, detection, and prosecution of international money laundering and the financing of terrorism. Regulations implementing the BSA appear at 31 CFR Chapter X . The a…
Citation: 79 FR 42639
