News

WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a Small Entity Compliance Guide to assist the small business community in complying with the…

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) assessed a $15 million civil money penalty against Bancrédito International Bank and Trust Corporation (Bancrédito) for willful violations of the Bank…

WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis (FTA) on patterns and trends contained in Bank Secrecy Act (BSA) reporting on suspected…

WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN) issued an alert to highlight a prominent virtual currency investment scam known as “pig butchering.”  Multiple U.S. law enforcement sources…

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) hosted a FinCEN Exchange last week focused on countering the abuse of the digital ecosystem by the Democratic People’s Republic of Korea (DPRK).  The DPRK continues to use, steal, and launder virtual assets in order to fund its illicit…

WASHINGTON— Today, the Financial Crimes Enforcement Network (FinCEN), in coordination with IRS Criminal Investigation (CI), issued a Notice to financial institutions calling attention to a…

CINCINNATI—Financial Crimes Enforcement Network (FinCEN) Acting Director Himamauli Das joined Treasury Under Secretary for Terrorism and Financial Intelligence (TFI) Brian Nelson in traveling to Kentucky and Ohio this week to highlight FinCEN’s efforts to combat fraud and illegal fentanyl…

MEXICO CITY—This past week, officials from the Financial Crimes Enforcement Network (FinCEN) traveled to Mexico City to reinforce its continuing commitment to close collaboration with the Mexican government to combat illicit finance. On August 2, FinCEN hosted a cross-border roundtable on the…

WASHINGTON— Today, Secretary of the Treasury Janet L. Yellen announced the appointment of Andrea Gacki as the Director of the Treasury Department’s Financial Crimes Enforcement Network (FinCEN).

Ms. Gacki presently serves…

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) convened a FinCEN Exchange today in San Antonio, Texas, focused on combating illicit financial transactions related to fentanyl trafficking and human smuggling. The session reinforced the Department of the Treasury’s use of public-…

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is informing U.S financial institutions that the Financial Action Task Force (FATF), an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism, and countering…

FinCEN participated in a trilateral workshop as part of the North America Drug Dialogue (NADD) to address money laundering activities associated with fentanyl and other drug trafficking. The workshop…

PRETORIA—Following Secretary of the Treasury Janet L. Yellen’s commitment earlier this year to form a U.S.-South Africa Task Force on Combating the Financing of Wildlife Trafficking (Task Force), a delegation from the U.S. Department…

Today, the Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) are issuing a supplemental joint alert urging continued vigilance on the part of U.S. financial institutions for potential attempts by Russia to evade U.S. export…

WASHINGTON—The Financial Crimes Enforcement Network has assessed a $1.5 million civil money penalty on South Dakota-chartered The Kingdom Trust Company (Kingdom Trust) for willful…