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.


| News
FinCEN Proposes Regulatory Requirement for Financial Institutions to Report Cross-Border Electronic Transmittals of Funds
VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today announced that it has submitted for publication in the Federal Register a notice of proposed rulemaking (NPRM) that would require certain depository institutions and money services businesses (MSBs) to affirmatively provide…
| News
Director Freis Speaks to Federal Credit Union Representatives
Financial Crimes Enforcement Network (FinCEN) Director James H. Freis, Jr., today spoke to credit union members attending the National Association of Federal Credit Unions (NAFCU) Washington Conference. Director Freis focused his remarks on the importance of having Federal Credit Unions follow…
| News
Civil Money Penalty Assessed Against Pinnacle Capital Markets, LLC
VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a civil money penalty of $50,000 against Pinnacle Capital Markets, LLC, Raleigh, N.C., for violating the Bank Secrecy Act (BSA). Pinnacle, without admitting or denying the allegations, consented to…
| Enforcement Action
In the Matter of Pinnacle Capital Markets, LLC
| Speech
PREPARED REMARKS OF JAMES H. FREIS, JR. DIRECTOR, FINANCIAL CRIMES ENFORCEMENT NETWORK U.S. DEPARTMENT OF THE TREASURY
I would like to spend our time together this morning sharing what FinCEN is trying to do with our efforts to bring a more comprehensive Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regime to the prepaid access industry. Prepaid products, also known as stored value, stored value cards, or…
| News
Notice Regarding Retirement of the Magnetic Media Program
In preparation for the retirement of the Magnetic Media program, FinCEN is no longer accepting new applications to batch file BSA forms using tapes and/or diskettes. New users who wish to batch file their BSA forms should submit these files using the BSA E-Filing system. A future announcement will…
| News
FinCEN Reports Suspicious Activity Related to Mortgage Fraud in 2009
VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN), today released its 2009 Mortgage Loan Fraud (MLF) study which found the number of mortgage fraud suspicious activity reports (SARs) filed in 2009 grew 4 percent compared with the number of mortgage fraud SARs filed in 2008. FinCEN…
| News
FinCEN Adds Somali Language Brochures to List of MSB Resources
VIENNA, Va. - FinCEN today announced the availability of Somali language brochures to facilitate money services businesses' (MSBs) ability to more easily comply with the requirements of the Bank Secrecy Act (BSA). The materials made available today cover BSA compliance obligations, currency…
| News
FinCEN Releases Report on Outreach to Money Services Businesses
VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN), in a new report released today, announced the findings of a months-long outreach campaign to money services businesses (MSBs). The report is based on information gathered from FinCEN’s outreach and site visits to MSBs.“FinCEN has…
| News
FinCEN Extends Comment Period for Prepaid Access NPRM
FinCEN has submitted a notice for publication in the Federal Register that will provide a 30-day extension of the public comment period for the following notice of proposed rulemaking (NPRM): Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations-Definitions and Other…