U.S. Judge Orders STAY

22 July 2016

On 22 July, 2016, Judge Cooper of the U.S. District Court for the District of Columbia ordered “that implementation of final rule [imposing sanctions against FBME Bank] be STAYED until further notice from this Court.”  As such, FinCEN’s latest rule will not take effect while the parties await further word from the Court.  Judge Cooper’s stay order II is attached here.