11 February 2016
The former Governor of the Central Bank of Cyprus (CBC), Professor Panicos Demetriades, has written to FinCEN regarding its campaign against FBME in which he says he is “… most surprised by FinCEN’s actions relating to FBME”. This letter appears on the FinCEN website and is available to the public: http://www.regulations.gov/#!documentDetail;D=FINCEN-2014-0007-0069.
10 February 2016
Further comments on the FinCEN website regarding the agency’s handling of the FBME case were submitted by Sharyn O’Halloran, George Blumenthal Professor at New York’s Columbia University. In her letter sent to FinCEN and put into the public domain Professor O’Halloran explained that her specialist area is the study of US administrative processes, regulatory powers and oversight functions.
9 February 2016
Comments have been submitted to the US agency FinCEN in respect to its Notice of Proposed Rulemaking against FBME Bank Limited. These follow FinCEN’s request for a voluntary remand to revisit its allegations and proposed actions, which it sought from Judge Cooper of the US District Court for the District of Columbia.