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Inactive Financial Institution Letters


Bank Secrecy Act Compliance

FIL-36-99
April 15, 1999

 

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: FinCEN Advisory

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
  Director


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 (800-276-6003 or
(703) 562-2200).

Last Updated 4/11/2005 communications@fdic.gov