DATE: December 17, 1997 NO. 97-RA-15

TO: All Federally Insured Credit Unions

Subject: FinCEN Advisory

The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has published the FinCEN Advisory, Issue 9. The subject is "Colombian Black Market Peso Exchange". Treasury has requested NCUA's assistance in distributing the information to all federally insured credit unions. The FinCEN Advisory is designed to keep financial institutions, regulatory agencies and law enforcement agencies advised of the trends and developments related to money laundering and financial crime. Advisories will be published periodically and will be distributed to all federally insured credit unions as part of NCUA's effort to keep you informed.

Comments about the FinCEN Advisory should be addressed to the Financial Crimes Enforcement Network, Office of Communications, U.S. Department of the Treasury, 2070 Chain Bridge Road, Vienna, VA 22182 or faxed to (703) 905-3885.

Sincerely,

/S/

Norman E. D'Amours
Chairman

For an Enclosure, contact the Office of Administration at 703-518-6410 or by E-mail at oamail@ncua.gov

EI