News

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…

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…

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…

VIENNA, Va. - Emphasizing its commitment to providing quality feedback and useful information to both the users and providers of Bank Secrecy Act (BSA) information, the Financial Crimes Enforcement Network (FinCEN) today launched a redesigned and enhanced website. Informational…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today released the latest in a series of reports, which are based upon analysis of suspicious activity reports (SARs) provided by the financial industry. Today's report,…

WASHINGTON - The Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of the Currency (OCC) today announced the assessment of concurrent civil money penalties, each $15 million, against the New York Branch of United Bank for Africa, PLC ("the Branch") for violations of…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) is proposing to significantly simplify the current requirements for depository institutions to exempt their eligible customers from currency transaction reporting. FinCEN announced the proposal and request for comments in a…

FinCEN Releases Foreign Corruption SAR Guidance

VIENNA, Va. - In an effort to better assist law enforcement authorities in targeting foreign corruption and related money laundering, Financial Crimes Enforcement Network (FinCEN) Director James H. Freis, Jr. today announced the publication…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today released an update to its November 2006 mortgage loan fraud assessment, which is based upon analysis of suspicious activity reports (SARs) provided…