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…
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| 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…
| News
The Financial Crimes Enforcement Network (FinCEN) has released the new Registration of Money Services Business (RMSB), FinCEN Report 1071 , through the BSA E-Filing System. This report will fully replace the most recent FinCEN Form 107, hereinafter the "legacy RMSB." The new report, which will be…
| News
VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today reported filings of suspicious activity reports by casinos and card clubs (SAR-Cs), which grew annually from 2004 to 2010, a period when gaming activities also continued to expand. Filings rose to 13,986 in 2010, up from 5,962 in…