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Light at the end of the tunnel…

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FinCEN is repealing the Section 311 pieces imposed on Banco Delta Asia – this is the first one I remember hearing about (not that there are many Section 311 Special Measures to begin with).

So, that requires two pieces – both of which will be published in Federal Register on Monday (but you can see them online now). First, there is a notice that repeals Special Measure 5 (the one where you lose correspondent services in the U.S.). And the second is the withdrawal of the finding of Banco Delta Asia as a financial institution as a Primary Money Laundering Concern (PMLC).

Links:

Special Measure Repeal Notice

Withdrawal of Notice of Finding Notice


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