US Treasury Warn Banks Against Holding Accounts for Potentially Problematic HNW Clients

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The Financial Crimes Enforcement Network is a bureau of the US Treasury Department and has informed all US-based financial institutions the prevalence of corrupt foreign senior politicians and HNWIs and their financial enablers can often be connected back to human rights abuse issues and publicly warned them that holding a bank account for such individuals is sufficient grounds to be charged with being a financial enabler.

Any related corresponding banking relationships with banks & other financial institutions may expose relevant institution to enforcement risks. Additionally, the US Treasury has frozen the US assets of 14 more entities affiliated with an infamous Israeli businessman for accounts of serious human rights abuse & corruption charges.