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High Risk Foreign Banks Beware: Expanded Use of § 311 Projected in FinCEN 2020 Budget

September 17, 2019

Banks serving clients in the many countries the U.S. views as high risk for money laundering should be aware that the U.S. Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, plans to expand its use of “special measures” to fight money laundering and terrorist financing. 

Read the full report below.