Enclosed is a copy of Volume I, Issue 5, of the Department
of the Treasury's FinCEN Advisory, dated August 1996, published
by the Department's Financial Crimes Enforcement Network
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.
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) will forward each issue of
FinCEN Advisory to FDIC-supervised banks. 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
Nicholas J. Ketcha Jr.
Copies of the FinCEN Advisory are available at the FDIC
Public Information Center, 801 17th Street, NW, Room 100,
Washington, D.C. 20434, (703) 562-2200.