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About the Financial Crimes Enforcement Network

      he Financial Crimes Enforcement Network, a      bureau within the U.S. Department of the Treasury's Office of Terrorism and Financial Intelligence, is America's financial intelligence unit. Financial intelligence units are national centers set up to collect information on suspicious or unusual financial activity from the financial industry, to analyze that data, and to make the data available to appropriate authorities for use in combating financial crime.

Our mission is to safeguard the financial system from the abuses of terrorist financing, money laundering and other financial crime. We fulfill this mission through our role as administrator of the Bank Secrecy Act, as amended. Among a broad range of interrelated activities, we:

Issue, interpret, and enforce compliance with regulations implementing the Bank Secrecy Act, which includes key provisions of Title III of the USA PATRIOT Act;

Support and oversee compliance examination functions delegated to other federal regulators;

Manage the collection, processing, storage, and dissemination of Bank Secrecy Act data;

Maintain a government-wide access service to the Bank Secrecy Act data, and network users with overlapping interests; and

Conduct analysis in support of policy makers; law enforcement, regulatory, and intelligence agencies; and the financial industry.

Because illicit financial activity is not confined to our borders, we also work to build global cooperation, strengthen other countries' efforts to deter and detect financial crime, and promote international information sharing about financial crime. To meet these aims, we coordinate with and collaborate on anti-terrorism and anti-money laundering initiatives with our financial intelligence unit counterparts around the world. To learn more about the Financial Crimes Enforcement Network, visit our website at

The Department of the Treasury established the Financial Crimes Enforcement Network in 1990. Our initial charge was to establish a government-wide multi-source financial intelligence and analysis network. Our operations were expanded in 1994 to include regulatory responsibilities for administering the Bank Secrecy Act, one of the nation's most potent weapons for preventing abuse of the U.S. financial system by financial criminals and terrorist financiers. The Bank Secrecy Act, enacted in 1970, authorizes the Secretary of the Treasury to issue regulations requiring that financial institutions keep records and file reports on certain financial transactions determined to have a high degree of usefulness in criminal, tax, regulatory investigations and proceedings, and certain intelligence and counter-terrorism matters. The authority of the Secretary to administer Title II of the Bank Secrecy Act (codified at 31 U.S.C. 5311-5330 with implementing regulations at 31 C.F.R. Part 103) has been delegated to the Director of the Financial Crimes Enforcement Network. Hundreds of thousands of financial institutions are subject to Bank Secrecy Act
anti-money laundering program, record keeping and reporting requirements. These include, but are not limited to: depository institutions (e.g., banks, credit unions, and thrifts); brokers or dealers in securities; money services businesses (e.g., money transmitters; issuers, redeemers, and sellers of money orders, travelers’ checks, and stored value; currency dealers and exchangers; and check cashers); and casinos and card clubs. In Fiscal Year 2005, dealers in precious metals, stones, or jewels also became subject to Bank Secrecy Act requirements. The USA PATRIOT Act of 2001 broadened the scope of the Bank Secrecy Act to focus on terrorist financing as well as money laundering. The Act also gave the Financial Crimes Enforcement Network additional responsibilities and authorities in both important areas, and established the organization as a bureau within the Department of the Treasury. In 2004, the Financial Crimes Enforcement Network became part of the Treasury Department's new Office of Terrorism and Financial Intelligence. This is the lead office within the Department for fighting the financial war on terror, combating financial crime, and enforcing economic sanctions against rogue nations.