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TREAS/FINCEN RIN: 1506-AB65 Publication ID: Spring 2024 
Title: ●Implementation of Special Measure Regarding Al-Huda Bank, as a Foreign Financial Institution of Primary Money Laundering Concern 
Abstract:

FinCEN intends to issue a final rule, pursuant to section 311 of the USA PATRIOT Act, prohibiting the opening or maintaining of a correspondent account in the United States for, or on behalf of, Al-Huda Bank, a foreign financial institution based in Iraq found to be of primary money laundering concern.

 
Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 31 CFR 1010.663   
Legal Authority: 31 U.S.C. 5318A   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  01/31/2024  89 FR 6074   
NPRM Comment Period End  03/01/2024 
Final Action  07/00/2024 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
FinCEN Regulatory Support Section
Department of the Treasury
Financial Crimes Enforcement Network
P.O. Box 39,
Vienna, VA 22183
Phone:800 767-2825
Email: frc@fincen.gov