Bank Secrecy Act: Increasing Trend of Smuggling Currency from the U.S. into Mexico

Details

• Publisher's site:
  https://www.fdic.gov
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued the attached advisory to U.S. financial institutions to guard against potential money laundering threats involving the smuggling of bulk U.S. currency into Mexico and the possible abuse of their financial services by certain Mexican financial institutions, including Mexican "casas de cambio."
• Subject:
  BSA/AML, OFAC and Fraud
• Dataset Download URL:
  fdic.gov/news/financial-institution-letters/2006/fil06040.html
• Format:
  PDF
• Release Date:
  05/04/2006
• Update Date:
  11/14/2018
• Withdrawn Date:
  12/01/2018
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; Financial Crimes Enforcement Network (FinCEN) ; Department of the Treasury ; Bureau of Immigration and Customs Enforcement (ICE) ; Drug Enforcement Administration (DEA)
• Fdic Employee Involved:
  Sean Forbush
• Law Involved:
  Bank Secrecy Act
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks (Commercial and Savings)
• FIL Number:
  FIL-40-2006
• Main Document Checksum:
  urn:sha256:69a11c5ce41a8a8bbf02a4e7e1c16f428e7143b4d1e61a4ea0fa6a153ad0ca03
• Download URL:
  https://archive.fdic.gov/view/fdic/7485/fdic_7485_DS1.pdf
• File Type:
  [PDF - 1.28 MB ]