FinCEN measure against FBME Bank, Ltd., postponed

FinCEN has posted a notice that the United States District Court for the District of Columbia has granted a preliminary injunction and enjoined FinCEN's rule imposing the "fifth special measure" against FBME Bank, Ltd. The bank has filed suit to prevent the rule, which was to have become effective today (August 28, 2015), from being imposed. The court's action prevents the rule from taking effect until a final judgment is entered in the bank's suit against FinCEN.