FinCEN Exchange in the Press

08/31/2023

READOUT: FinCEN Hosts Public-Private Dialogue on Countering the DPRK's Illicit Cyber Activities

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) hosted a FinCEN Exchange last week focused on countering the abuse of the digital ecosystem by the Democratic People’s Republic of Korea (DPRK). The DPRK continues to use, steal, and launder virtual assets in order to fund its illicit weapons programs. The proliferation of cyber events and cyber-enabled crime instigated by the DPRK represents a significant threat to the U.S. financial system.

08/08/2023

READOUT: Treasury Officials Visit Kentucky and Ohio to Meet with Financial Institutions, Hold FinCEN Exchange on Combatting Fentanyl Trafficking

CINCINNATI—Financial Crimes Enforcement Network (FinCEN) Acting Director Himamauli Das joined Treasury Under Secretary for Terrorism and Financial Intelligence (TFI) Brian Nelson in traveling to Kentucky and Ohio this week to highlight FinCEN’s efforts to combat fraud and illegal fentanyl trafficking, as well as its ongoing work to implement beneficial ownership information reporting requirements.

07/12/2023

FinCEN Exchange in San Antonio Brings Together Public and Private Stakeholders to Combat Fentanyl Trafficking and Human Smuggling

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) convened a FinCEN Exchange today in San Antonio, Texas, focused on combating illicit financial transactions related to fentanyl trafficking and human smuggling. The session reinforced the Department of the Treasury’s use of public-private partnerships to combat the illicit trade in fentanyl and to deter the destructive effects of human smuggling.

11/16/2021

FinCEN Holds FinCEN Exchange on Environmental Crimes and Related Financial Activity

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today convened a virtual FinCEN Exchange focused on identifying and combatting illicit financial flows associated with environmental crimes and related money laundering.

11/09/2021

FinCEN Exchange Brings Together Public and Private Stakeholders to Discuss Bank Secrecy Act Suspicious Activity Reporting Statistics

WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN) convened a virtual FinCEN Exchange with members of the financial industry and law enforcement to discuss FinCEN’s analysis of suspicious activity reporting (SAR) with a transactional nexus to Alabama, Florida,…

8/10/2021

FinCEN Holds Second Virtual FinCEN Exchange on Ransomware

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today convened a virtual FinCEN Exchange with representatives from financial institutions, technology firms, third-party service providers, and federal government agencies to discuss ongoing concerns regarding…

7/15/2021

Second FinCEN Exchange on Ransomware to Take Place in August

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced it will convene a FinCEN Exchange in August 2021 with representatives from financial institutions, other key industry stakeholders, and federal government agencies to discuss ongoing…

3/23/2021

FinCEN Exchange Brings Together Public and Private Stakeholders to Discuss Bank Secrecy Act Suspicious Activity Reporting Statistics

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today convened a virtual FinCEN Exchange event to discuss Bank Secrecy Act (BSA) filing statistics for low-dollar, voluntarily-filed suspicious activity reports (SARs) that contain a transaction nexus to Arizona, New Mexico, Texas,…

11/12/2020

FinCEN Holds Virtual FinCEN Exchange on Ransomware

9/24/2019

Prepared Remarks of FinCEN Director Kenneth A. Blanco, delivered at the Federal Identity (FedID) Forum and Exposition

Prepared Remarks of FinCEN Director Kenneth A. Blanco, delivered at the Federal … like to thank the FedID Planning Committee for inviting FinCEN to take part in this year’s event. …Earlier this year in July, we held a FinCEN Exchange on business email compromise (BEC) fraud schemes …

7/16/2019

FinCEN Exchange Forum Counters Business Email Compromise Scams

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced new efforts to curtail and impede Business Email Compromise (BEC) scammers and other criminals who profit from their schemes. Email compromise fraud schemes generally entail criminal attempts to compromise the email…

6/12/2019

Prepared Remarks of FinCEN Director Blanco at the NYU Law Program on Corporate Compliance and Enforcement

Prepared Remarks of FinCEN Director Blanco at the NYU Law Program on Corporate … Financial Crimes Enforcement Network (FinCEN) NYU Law Program on Corporate … We established the FinCEN Exchange, where we convene law enforcement and different …

5/3/2019

FinCEN Exchange in New York City Focuses on Virtual Currency

WASHINGTON—On May 3, 2019 representatives from virtual currency money transmitters and other money services businesses, third-party service providers, federal government agencies, a federal task force, and several depository institutions gathered at a FinCEN Exchange session in New York City to discuss the threats and....

11/29/2018

Testimony of FinCEN Director Kenneth A. Blanco before the Senate Committee on Banking, Housing and Urban Affairs

Testimony of FinCEN Director Kenneth A. Blanco before the Senate … on behalf of the Financial Crimes Enforcement Network (FinCEN). FinCEN’s mission is to safeguard the financial … activity. One way we accomplish this is through FinCEN Exchange. FinCEN Exchange brings financial institutions …

12/4/2017

FinCEN Launches “FinCEN Exchange” to Enhance Public-Private Information Sharing

"FinCEN Launches “FinCEN Exchange” to Enhance Public-Private Information … methods and evolving threats we face today,” said Sigal P. Mandelker, Treasury Under Secretary for Terrorism …