[Federal Register Volume 68, Number 227 (Tuesday, November 25, 2003)]
[Notices]
[Page 66298]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-29395]



[[Page 66297]]

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Part VI





Department of the Treasury





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31 CFR Part 103



Designation of Burma as a Jurisdiction of Primary Money Laundering 
Concern; Designation of Myanmar Mayflower Bank and Asia Wealth Bank as 
Financial Institutions of Primary Money Laundering Concern; Notice and 
Proposed Rules

  Federal Register / Vol. 68, No. 227 / Tuesday, November 25, 2003 / 
Notices  

[[Page 66298]]


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DEPARTMENT OF THE TREASURY


Designation of Burma as a Jurisdiction of Primary Money 
Laundering Concern; Designation of Myanmar Mayflower Bank and Asia 
Wealth Bank as Financial Institutions of Primary Money Laundering 
Concern

AGENCY: Departmental Offices, Treasury.

ACTION: Notice of designations.

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DATES: The designations contained in this notice became effective on 
November 18, 2003.
SUMMARY: On November 18, 2003, the Secretary of the Treasury designated 
Burma (also known as Myanmar) as a jurisdiction of primary money 
laundering concern in accordance with the requirements and procedures 
of 31 U.S.C. 5318A, as added by section 311(a) of the Uniting and 
Strengthening America by Providing Appropriate Tools Required to 
Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001. Also on 
November 18, under the same authority, the Secretary of the Treasury 
designated the Burmese financial institutions Myanmar Mayflower Bank 
and the Asia Wealth Bank as financial institutions of primary money 
laundering concern.


SUPPLEMENTARY INFORMATION: The text of the designations follows.

    Dated: November 19, 2003.
Richard S. Carro,
Senior Advisor to the General Counsel, (Regulatory Affairs).

Designation of Burma as a Jurisdiction of Primary Money Laundering 
Concern

    Pursuant to 31 U.S.C. 5318A, as added by section 311(a) of the 
Uniting and Strengthening America by Providing Appropriate Tools 
Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 
2001 (Pub. L. 107-56), subject to the requirements and procedures 
and based upon consideration of the factors articulated therein as 
reflected in the accompanying Administrative Record, I hereby 
designate the jurisdiction of Burma (also known as Myanmar) as a 
primary money laundering concern.
Dated: November 18, 2003.

John W. Snow,

Secretary of the Treasury.

Designation of Myanmar Mayflower Bank and Asian Wealth Bank as Primary 
Money Laundering Concerns

    Pursuant to 31 U.S.C. 5318A, as added by section 311(a) of the 
Uniting and Strengthening America by Providing Appropriate Tools 
Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 
2001 (Pub. L. 107-56), subject to the requirements and procedures 
and based upon consideration of the factors articulated therein as 
reflected in the accompanying Administrative Record, I hereby 
designate the Burmese financial institutions Myanmar Mayflower Bank 
and Asia Wealth Bank as primary money laundering concerns.

    Dated: November 18, 2003.
John W. Snow,
Secretary of the Treasury.
[FR Doc. 03-29395 Filed 11-24-03; 8:45 am]
BILLING CODE 4810-25-P