On 13 June, the Financial Crimes Enforcement Network issued a guidance entitled " Requests by Law Enforcement for Financial Institutions to Maintain Accounts," concerning actions to be taken upon the request of law enforcement to maintain an account that exhibits suspicious or criminal activity. FinCEN has today published a Bulletin further clarifying the appropriate procedure, and the regulatory requirements. We have posted a link to the Bulletin below.

The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.