FINANCIAL CRIMES ENFORCEMENT NETWORK ISSUES PROPOSED RULE: PROPOSAL OF SPECIAL MEASURE REGARDING TRANSACTIONS INVOLVING TEN MEXICAN GAMBLING ESTABLISHMENTS AS A CLASS OF TRANSACTIONS OF PRIMARY MONEY LAUNDERING CONCERN

WASHINGTON, Nov. 17 -- Financial Crimes Enforcement Network has issued a proposed rule called: Proposal of Special Measure Regarding Transactions Involving Ten Mexican Gambling Establishments as a Class of Transactions of Primary Money Laundering Concern.

The proposed rule was published in the Federal Register on Nov. 17 by Andrea M. Gacki, Director, Financial Crimes Enforcement Network.

Summary: FinCEN is issuing a notice of proposed rulemaking, pursuant to section 311 of the USA PATRIOT Act, that finds transactions involving ten identified Mexico-based gambling establishments to be a class of transactions of primary money laundering concern, and proposes imposing a special measure to: (1) prohibit U.S. financial institutions from openin...