U.S. District Court Issues Preliminary Injunction against FinCEN’s Enforcement of Special Measures against FBME Bank Ltd.

On August 27, 2015, U.S. District Judge Christopher R. Cooper of the U.S. District Court for District of Columbia issued a preliminary injunction against the U.S. Treasury Department’s Financial Crimes Enforcement Network’s (“FinCEN”) Final Rule under Section 311 of the USA PATRIOT Act of 2011, imposing a “special measure” against FBME Bank Ltd (“FBME”), a Tanzanian-chartered commercial bank that operates mainly in Cyprus.