WASHINGTON, Oct. 5 -- Financial Crimes Enforcement Network has issued a proposed rule called: Proposal of Special Measure Prohibiting the Transmittal of Funds Regarding Transactions Involving the A7 Network's Sub-Agents.
The proposed rule was published in the Federal Register on Oct. 5 by Jimmy L. Kirby, Deputy Director, Financial Crimes Enforcement Network.
Summary: FinCEN is issuing a finding and notice of proposed rulemaking, pursuant to section 9714(a) of the Combating Russian Money Laundering Act (Public Law 116-283), as amended by section 6106(b) of the National Defense Authorization Act for Fiscal Year 2022 (Public Law 117-81), finding transactions involving any company operating outside of the United States that is controlled by t...