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Good afternoon. I appreciate the opportunity to speak with you all today about the work we are doing at the Financial Crimes Enforcement Network - known as FinCEN.
Let me say at the outset that the work being done by the Louisiana Office of Financial Institutions underscores the strong partnership…
Newsroom
Members of the media may email inquiries or interview requests to press@fincen.gov.
If you are not a member of the media, please visit the FinCEN contact page.
| Speech
Good morning. I am pleased to be joining you again today. When I spoke with you last year, I focused my remarks on what FinCEN was trying to do to address a vulnerability in our Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regime as it relates to mortgage brokers, and how this effort fits into…
| News
VIENNA, Va. – The Financial Crimes Enforcement Network today released its full year 2011 update of mortgage loan fraud reported suspicious activity reports (MLF SARs) that shows financial institutions submitted 92,028 MLF SARs last year, a 31 percent increase over the 70,472 submitted in 2010. The…
| Guidance
Today, the Financial Crimes Enforcement Network (FinCEN) began to accept the new Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) into FinCEN's BSA E-Filing System. Together, these two new reports will replace FinCEN Form 104 (CTR), FinCEN Form 103 (CTR by Casinos), and all of…
| News
“I appreciate the [Office of Inspector General’s] recognition that the program is on schedule and within cost, the business case is reliable, we have strong management controls, and we effectively collaborate with stakeholders. “As noted in the report, findings are based on information through May…
| News
The Financial Crimes Enforcement Network's (FinCEN's) new SAR and CTR reports are now being accepted through the electronic filing (E-Filing) system. The BSA E-Filing System will continue to accept submissions of the legacy reports until March 31, 2013. Until then, financial institutions may choose…
| Guidance
The Financial Crimes Enforcement Network ("FinCEN") is issuing this guidance to clarify, for currency transaction reporting purposes, the aggregation of multiple transactions conducted by businesses with common ownership. Subsequent to a ruling on this issue, 1 FinCEN received requests from…