Bank of Nauru

"only one bank appears to be physically located in Nauru, the “Bank of Nauru.” It is a local community bank that also serves as the Central Bank"; "Any foreign bank, as that term is defined in Sec. 103.11(o), licensed by Nauru, but does not include the Central Bank of Nauru"; "This rule would make it clear that all banks licensed by Nauru (other than the Central Bank of Nauru) are shell banks notwithstanding that such a bank may have provided a certification that it is not a shell bank"

"only one bank appears to be physically located in Nauru, the “Bank of Nauru.” It is a local community bank that also serves as the Central Bank"; "This prohibition would not, however, apply to the Bank of Nauru"; "Treasury has determined to except the Bank of Nauru, which as noted, serves as the Central Bank, from these prohibitions in order to ensure the people of Nauru can continue to meet their legitimate banking needs"