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In a finding, notice of which was published elsewhere in this issue of the Federal Register (Notice of Finding), the Director of FinCEN found that the Democratic People’s Republic of Korea (North Korea) is a jurisdiction of primary money laundering concern. FinCEN is issuing this notice of proposed rulemaking (NPRM) to propose to prohibit covered financial institutions from opening or maintaining a correspondent account in the United States for or on behalf of a North Korean banking institution and to prohibit the use of foreign banking institutions’ correspondent accounts to process transactions involving North Korean financial institutions.