The enhanced reporting measures for Kassem Rmeiti & Co. for Exchange and Halawi Exchange Co. are effective immediately for the next 120 days. Additionally, FinCEN is issuing a notice of proposed rulemaking which, if adopted, would impose Special Measure 5 (the financial death penalty, prohibiting all access to the US financial system) on the 2 firms.
Links:
Halawi Exhange Co. Special Measures
Finding of Halawi Exchange Co. as a Financial Institution of Primary Money Laundering Concern
Order requiring enhanced recordkeeping and reporting for transactions of Halawi Exchange Co.
Kassem Rmeiti & Co. Special Measures
Finding of Kassem Rmeiti & Co, as a Financial Institution of Primary Money Laundering Concern
Order requiring enhanced recordkeeping and reporting for transactions of Kassem Rmeiti & Co.
Posted with BlogsyFiled under: Anti-Money Laundering, Due Diligence Lists, FinCEN Updates, Sanctions Lists, Section 311 Sanctions
