United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2016_register executive 2018-02-14 article Rules and Regulations D09002ee1c7f3231b D09002ee1c7f3237f United States Department of the Treasury originator org United States Government Agency or Subagency United States Financial Crimes Enforcement Network originator org United States Government Agency or Subagency In its September 20, 2016 order, the U.S. District Court for the District of Columbia remanded to FinCEN the final rule imposing a prohibition on covered financial institutions from opening or maintaining correspondent accounts for, or on behalf of, FBME Bank, Ltd. In its memorandum opinion accompanying that order, the Court stated that the agency had not responded meaningfully to FBME's comments regarding the agency's treatment of aggregate Suspicious Activity Report (SAR) data. The Court found that those comments challenged FinCEN's interpretation of SAR data on at least four distinct grounds. In this supplement to the final rule, FinCEN provides further explanation addressing FBME's comments. 81 FR 86577 https://www.govinfo.gov/app/details/FR-2016-12-01/2016-28752 2016-28752 fr01de16-9 RIN 1506-AB27 4810-02-P https://www.govinfo.gov/app/details/FR-2016-12-01/2016-28752 https://www.govinfo.gov/content/pkg/FR-2016-12-01/html/2016-28752.htm https://www.govinfo.gov/content/pkg/FR-2016-12-01/pdf/2016-28752.pdf 3 p. 86577 86579 81 FR 86577 Title 31 Part 1010 31 CFR Part 1010 RIN 1506-AB27 Supplemental Information Regarding the Final Rule Imposing the Fifth Special Measure Against FBME Bank, Ltd.; Federal Register Vol. 81, Issue RULE 2016-28752 DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network 4810-02-P 2016-28752 Supplement to final rule.

In its September 20, 2016 order, the U.S. District Court for the District of Columbia remanded to FinCEN the final rule imposing a prohibition on covered financial institutions from opening or maintaining correspondent accounts for, or on behalf of, FBME Bank, Ltd. In its memorandum opinion accompanying that order, the Court stated that the agency had not responded meaningfully to FBME's comments regarding the agency's treatment of aggregate Suspicious Activity Report (SAR) data. The Court found that those comments challenged FinCEN's interpretation of SAR data on at least four distinct grounds. In this supplement to the final rule, FinCEN provides further explanation addressing FBME's comments.

December 1, 2016. The FinCEN Resource Center at (800) 767-2825 or regcomments@fincen.gov. Special Measures: FBME Bank, Ltd. , regcomments@fincen.gov Vol. 81, no. 231 Office of the Federal Register, National Archives and Records Administration 2016-12-01 continuing daily deposited born digital 358 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2016-12-01 P0b002ee198681d10 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr01de16 https://www.govinfo.gov/app/details/FR-2016-12-01 https://www.govinfo.gov/content/pkg/FR-2016-12-01/pdf/FR-2016-12-01.pdf https://www.govinfo.gov/content/pkg/FR-2016-12-01/xml/FR-2016-12-01.xml fdlp 86555 86904 DGPO 2018-02-14 2024-06-01 FR-2016-12-01 machine generated eng FR FR-2016-12-01 81 231