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Press Releases

Members of the media may email inquiries or interview requests to press@fincen.gov.

If you are not a member of the media, please visit the FinCEN contact page.

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READOUT: FinCEN Holds Engagement to Eliminate Hospice Fraud in California

LOS ANGELES — On August 17, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) convened law enforcement and financial institutions for an engagement on health care benefits fraud, including the exploitation of hospice care services. Participants…

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READOUT: FinCEN Convenes Public-Private Engagement to Combat Cartels

SAN FRANCISCO—On August 10, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) convened law enforcement and financial institutions for an information-sharing engagement to combat cartels.

The event was led by Gene Lange,…

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FinCEN Analysis: Financial Institutions Flagged Nearly $5 Billion Linked to Suspected Human Smuggling

WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis showing that financial institutions flagged nearly $5 billion linked…

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FinCEN Permanently Ends Beneficial Ownership Reporting Requirements for Millions of Small Business Owners

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act. The final…

FinCEN Renews Minnesota Geographic Targeting Order

WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) renewed its Geographic Targeting Order (GTO) designed to combat fraud in Minnesota and protect U.S. taxpayers. Extensive schemes…

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FinCEN Assesses Historic $125 Million Penalty Against UBS Financial Services Inc. for Recidivist BSA Violations

WASHINGTON—Today, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $125,000,000 civil money penalty against UBS Financial Services Inc. (UBSFS) for willful violations of the Bank Secrecy Act (BSA…

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FinCEN Issues Statement of Enforcement Policy in Support of Venezuela’s Economic Recovery and Earthquake Relief Efforts

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a statement of enforcement policy in support of economic recovery and earthquake relief efforts in Venezuela.

Resources

FinCEN Issues Alert on Fraud Schemes Targeting Federal Student Aid

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert urging financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting student aid programs administered by the Federal government. …

FinCEN Extends Comment Period for Proposed Rule To Amend the Definition of Huione Group

Due to a technological issue that prevented the public from electronically filing comments for several days, the Financial Crimes Enforcement Network (FinCEN) is extending the comment period for the notice of proposed rulemaking (NPRM) it published in June to amend the existing definition of…

FinCEN Issues Supplemental Alert on Fuel Smuggling and Tax Evasion Schemes on the Southern Border Associated with Mexico-Based Cartels

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a supplemental Alert to advise financial institutions to be vigilant in detecting, identifying, and reporting suspicious activity connected to Cartel de Jalisco Nueva Generacion (CJNG) and other…

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FinCEN Proposes to Sever H-Pay Service PLC and Other Huione Group Successor Entities from the U.S. Financial System

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a proposed rule amending FinCEN’s October 2025 Huione Group…

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FinCEN Announces Recipients of Its 11th Law Enforcement Awards Program

WASHINGTON—Last week, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recognized seven cases during its Law Enforcement Awards Program for effectively using Bank Secrecy Act (BSA) data to support criminal prosecutions and…

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FinCEN, Agencies Propose Rule to Implement GENIUS Act Customer Identification Program Requirement

WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), together with the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National…

FinCEN Issues Guidance to Help Financial Institutions Eliminate Fraud Through Information Sharing

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued updated guidance to clarify how financial institutions can share information with each other about suspected fraud under section 314(b) of the USA PATRIOT Act.          …

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FinCEN Issues Joint Advisory on Non-Work Authorized Populations and Their Employers and Risks to the Integrity of the U.S. Financial System

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory urging financial institutions to be vigilant against risks presented by the unlawful employment of illegal aliens.

Treasury Press Release