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In September 2009, the Financial Crimes Enforcement Network (FinCEN) will implement Suspicious Activity Report (SAR) Acknowledgements for Bank Secrecy Act Electronic Filing (BSA E-Filing) submissions. This functionality will give BSA E-filers a Document Control Number (DCN) as an acknowledgement of…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today issued an advance notice of proposed rulemaking (ANPRM) to solicit public comment on a wide range of questions pertaining to the possible application of anti-money laundering (AML) program and suspicious activity report (SAR)…

Good afternoon. I'd like to spend my time today sharing with you some of the Financial Crimes Enforcement Network's (FinCEN's) most recent work to combat fraud, particularly as it relates to the areas of loan modification fraud and identity theft, and the important role you play as fraud examiners…

FinCEN Director James H. Freis, Jr. accepted the Association of Certified Fraud Examiners' Cressey Award during a speech delivered July 13, 2009 at the 20th Annual ACFE Fraud Conference and Exhibition held in Las Vegas, Nev. "I would like to accept this award on behalf of all of the dedicated men…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today released its latest and 12th edition of The SAR Activity Review - By the Numbers. The report shows a continued overall rise in Suspicious Activity Report (SAR) filings including an increase in depository institution filings…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today issued an advisory on apparent structuring by casino patrons and personnel. Structuring is described as breaking up transactions for the purpose of evading Bank Secrecy Act (BSA) reporting or recordkeeping requirements."…

Effective June 27, 2009, BSA E-Filing transitioned to the use of Adobe forms. BSA E-Filing forms available for download from the BSA E-Filing Web site will now be Adobe electronic forms. Benefits of using Adobe forms include improved form usability and enhanced validation. IBM PureEdge forms will…

VIENNA, Va. - The Financial Crimes Enforcement Network today issued guidance to financial institutions intended to clarify the use of an important information sharing tool made possible by section 314(b) of the USA PATRIOT Act. The guidance clarifies the scope of permissible information sharing…