Crowell & Moring LLP (LexBlog Andorra)
2 results for Crowell & Moring LLP (LexBlog Andorra)
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D.C. Circuit Affirms Dismissal of Challenge to FinCEN Section 311 ‘Finding of Primary Money Laundering Concern’ for Banca Privada d’Andorra
On May 23, 2017, the United States Court of Appeals for the District of Columbia affirmed the dismissal of a challenge to the U.S. Treasury’s use of Section 311 of the USA PATRIOT Act against Andorran bank Banca Privada d’Andorra (BPA) by the bank’s majority shareholders. The court’s decision provides important support for Treasury’s use of the...
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Court Dismisses Challenge to FinCEN Section 311 ‘Finding of Primary Money Laundering Concern’ for Banca Privada d’Andorra
On May 18, the U.S. District Court for the District of Columbia granted the U.S. Treasury Department’s Financial Crimes Enforcement Network’s (FinCEN’s) motion to dismiss a civil action brought by shareholders of an Andorran privately-held bank, Banca Privada d’Andorra (BPA), challenging FinCEN’s issuance of a Notice of Finding (NOF) identifying BPA as a “primary money laundering concern” and...