Tag: correspondent_banking
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FinCEN Proposes Revoking Banque Misr UAE's U.S. Banking Access Over Money Laundering Concerns
FinCEN proposes revoking Banque Misr UAE's U.S. correspondent banking access due to money laundering concerns. The rule, under the USA PATRIOT Act, would prohibit U.S. financial institutions from dealing with the UAE entity.
BusinessPolitics and GovernmentLaw EnforcementBankingFederal GovernmentLegalEconomy FinCENBanque Misr UAEMoney LaunderingCorrespondent BankingUSA PATRIOT ActFinancial ServicesUnited Arab EmiratesFinancial Crimes Enforcement Network