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Chairman Levin, Ranking Member Coburn, and distinguished members of the Subcommittee, I am Jim Freis, Director of the Financial Crimes Enforcement Network (FinCEN), and I appreciate the opportunity to appear before you today to discuss FinCEN's work in combating the flow of proceeds of foreign…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today released its latest and 13th edition of The SAR Activity Review - By the Numbers. The report's findings indicate some moderation in previously reported suspected fraudulent activities and significant increases in other areas.…

  Financial Crimes Enforcement Network   Ruling FIN-2009-R004 Issued: November 20, 2009 Subject: Determination of Money Services Business Status and Obligations Under the Funds Transfer Recordkeeping Rule, and Request for Regulatory Relief   Dear []: This responds to your…

  Financial Crimes Enforcement Network   Ruling FIN-2009-R003 Issued: November 3, 2009 Subject: Customer Identification Program Rule - Address Confidentiality Programs   I am responding to your letter dated January 16, 2009, to the Financial Crimes Enforcement Network (FinCEN…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today added an additional North Korean bank to its June 18 guidance to financial institutions regarding the involvement by Democratic People's Republic of Korea ("North Korea") government agencies and front companies in illicit…

On December 12, 2009, FinCEN will implement the second phase of the BSA E-Filing SAR Acknowledgements and Validation process. Phase I was implemented in September 2009 and provided BSA E-Filers with an acknowledgement of receipt for a submitted Suspicious Activity Report (SAR). Phase II applies…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) announced today the availability in Spanish of its educational pamphlet on the currency transaction reporting requirement. Earlier this year, FinCEN issued the brochure "Notice to Customers: A CTR Reference Guide" as a resource for…