The U.S. has made a final ruling enforcing measures against China's Bank of Dandong under Section 311 of the PATRIOT Act for its facilitation of illicit North Korean financial activity, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) said on Thursday.
On June 29, FinCEN proposed that the Bank of Dandong be designated as a financial institution of primary money laundering concern and submitted a notice of proposed rulemaking (NPRM) to the federal register for review.
The U.S. has made a final ruling enforcing measures against China's Bank of Dandong under Section 311 of the PATRIOT Act for its facilitation of illicit North Korean financial activity, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) said on Thursday.
On June 29, FinCEN proposed that the Bank of Dandong be designated as a financial institution of primary money laundering concern and submitted a notice of proposed rulemaking (NPRM) to the federal register for review.
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