ABSTRACT

FinCEN Advisory: Transactions Involving the Bahamas, July 2000, Issue 13A [Withdrawal]   [open pdf - 169KB]

The FinCEN Advisory "...is a recurring series designed for the financial, regulatory and law enforcement communities. Subsequent advisories will describe trends and developments related to money laundering and financial crime." In this issue of FinCEN: "This Advisory is being issued to inform banks and other financial institutions operating in the United States that Financial Crimes Enforcement Network (FinCEN) Advisory 13, regarding the Commonwealth of The Bahamas, is hereby withdrawn. Since the issuance of Advisory 13, The Bahamas has enacted significant reforms to its counter-money laundering system, addressing the points noted in Advisory 13, and has taken concrete steps to bring these reforms into effect. Because of the enactment of new laws and the beginning of effective implementation, enhanced scrutiny with respect to transactions involving The Bahamas, as called for in Advisory 13, is no longer necessary."

Publisher:
Date:
2000-07
Copyright:
Public Domain
Retrieved From:
Financial Crimes Enforcement Network: http://www.fincen.gov
Format:
pdf
Media Type:
application/pdf
Source:
FinCEN Advisory (July 2000), iss.13A
URL:
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