28 August 2015

On 27 August, the United States District Court for the District of Columbia granted a preliminary injunction against FinCEN and other US Defendants to prevent the Final Rule from taking effect until the Court enters a final judgment on the merits, as requested by FBME Limited and FBME Bank Limited. Further information is available on the District Court’s order by clicking here.

The defendants in the case are Jacob Lew, Secretary of the Treasury; U.S. Department of the Treasury; Jennifer Shasky Calvery, Director of the Financial Crimes Enforcement Network (FinCEN); and FinCEN itself.

FBME will provide further updates as the case proceeds.