July 2016

PDF: 20150827.pdf

Re-opening of comment period and availability of supplemental information

PDF: 20151130.pdf

FinCEN first focused on analyzing trends and patterns related to mortgage fraud in 2002, in the context of an effort to identify areas of potential concern in the sale and management of real estate. In the November 2003 SAR Activity Review – Trends, Tips & Issues, FinCEN announced some of the results of two related FinCEN strategic analytical studies focused on suspicious activity reports (SARs) filed in 2001 and 2002.

Ruling

This ruling, formerly known as 88-2, was posted to the website on May 18, 2010; it was previously published via the Federal Register. Please note that references in this ruling to CTR form numbers are outdated.

Facts

Introduction

Good morning. It is a pleasure to be joining all of you today. I would first like to thank the State Bar of Nevada's Gaming Law Section, the American Gaming Association, and UNLV's International Gaming Institute, for sponsoring today's event. I would also like to thank Geoff Freeman of the AGA for his kind introduction.

Good morning Chairman Souder, Ranking Member Cummings, and distinguished members of the Subcommittee. It is a privilege to appear before you to discuss FinCEN’s role in terrorist financing and money laundering investigations. I am Robert Werner, Chief of Staff of the Financial Crimes Enforcement Network (FinCEN). Prior to assuming the position of Chief of Staff at FinCEN, I was the Counselor to the General Counsel of Treasury.

Section A: 31 C.F.R. § 103.11 Casino and Card Club Definitions²

REMINDER: As of April 1, 2013, financial institutions must use the new FinCEN reports, which are available only electronically through the BSA E-Filing System. FinCEN is no longer accepting legacy reports. For more information, click here.