News

In keeping with its efforts to make Bank Secrecy Act (BSA) filing requirements more secure, efficient, and effective, the Financial Crimes Enforcement Network (FinCEN) announced in July its intention to retire the BSA Magnetic Media Filing Program. Current Magnetic Media filers must transition…

On November 15, 2008, FinCEN will deploy new system enhancements to the Batch Validation process of the Bank Secrecy Act Electronic Filing System (BSA E-Filing). The goal of these enhancements is to improve BSA data quality by providing detailed error notifications to filers upon submission,…

VIENNA, Va. – As part of its overall effort to increase its efficiency and effectiveness in administering the Bank Secrecy Act (BSA), the Financial Crimes Enforcement Network (FinCEN) has withdrawn its proposed anti-money laundering (AML) program rules for unregistered…

VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN), as part of its efforts to make the administration of the Bank Secrecy Act (BSA) more efficient and effective, today announced the publication of a proposal to simplify its rules and regulations by centralizing them…

The Treasury Department today released the following statement from Treasury Secretary Henry M. Paulson, Jr. following his meeting with the semi-annual plenary of the Bank Secrecy Act Advisory Group (BSAAG).

"I appreciate the hard work by the advisory group in helping to make the…

Effective September 1, 2008, a Money Services Business is required to use the revised FinCEN Form 107, Registration of Money Services Business (RMSB) to register its business. FinCEN announced in April 2008 that it was revising the RMSB…

Effective September 1, 2008, casinos and card clubs are required to file Currency Transaction Reports using a revised form. FinCEN announced in April that it was revising FinCEN Form 103, the Currency Transaction Report for Casinos and…

Dear Colleague:

The United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has commissioned the CFI Group, an independent research organization, to conduct a survey to assess the value of our products: The SAR Activity Review-Trends, Tips &…

VIENNA, Va. - In keeping with its efforts to make Bank Secrecy Act (BSA) filing requirements more secure, efficient, and effective, the Financial Crimes Enforcement Network (FinCEN) today announced its intention to retire the BSA Magnetic Media Filing Program. Current Magnetic…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) is reminding the public to be alert to ongoing financial scams that attempt to solicit funds from unsuspecting victims.

In some of these scams, individuals misrepresent themselves as FinCEN officials and try…

You may access the corrected document at https://www.fincen.gov/resources/financial-institutions/casinos then click on the "HTML Only" link under "Important Information for Casinos"

VIENNA, Va. - The Financial Crimes Enforcement Network issued today the latest edition of The SAR Activity Review - By The Numbers. This report compiles the numerical data gathered from Suspicious Activity Reports (SARs) filed through the 2007 calendar year. While this report…

CTRC Electronic Specification, page 34, 2C Record, ID Number (positions 257-278) and Customer Account Number (279-300). Current specs say to right justify the entry and space fill any unused positions. THIS IS IN ERROR. The correct instruction should read LEFT JUSTIFY the entry and space fill…

VIENNA, Va. - James H. Freis, Jr., Director of the Financial Crimes Enforcement Network (FinCEN), this week announced the selection of Amy L. Taylor as Chief Information Officer (CIO) and the Associate Director of FinCEN's Technology Solutions and Services Division. Ms. Taylor…