FinCEN Exchange in the Press

02/22/2024

READOUT: FinCEN Director Andrea Gacki Travels to Puerto Rico, Holds First FinCEN Exchange with Puerto Rican Financial Institutions and Law Enforcement

SAN JUAN, Puerto Rico—Andrea Gacki, Director of the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), traveled to Puerto Rico from February 20-22 to highlight collaborative efforts to combat public corruption, fraud, and drug trafficking. Director Gacki hosted the first FinCEN Exchange in Puerto Rico, addressed [link to remarks] the 20th Annual Puerto Rico Bankers Association Symposium of Anti-Money Laundering, and met with Puerto Rican officials to discuss illicit finance threats.

02/05/2024

READOUT: FinCEN Exchange in Los Angeles Brings Together Public and Private Sectors to Share Information on Combating Fentanyl Trafficking

LOS ANGELES—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) convened a FinCEN Exchange—a voluntary public-private partnership—to share strategic and operational information to combat illicit financial networks that enable fentanyl trafficking. In addition to other lines of effort, the Exchange supports Treasury’s Counter-Fentanyl Strike Force, which launched in December 2023 to bring together personnel, expertise, intelligence, and resources across key Treasury offices to combat the flow of deadly fentanyl into communities throughout the United States. It is the third fentanyl-related FinCEN Exchange in a series specifically aimed at engaging with regional financial institutions across the United States.

11/21/2023

READOUT: FinCEN Exchange Brings Together Public and Private Sectors to Discuss Attempts by Russia to Evade Export Controls

WASHINGTON—On November 16, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control, along with the Department of Commerce’s Bureau of Industry and Security (BIS), co-hosted a virtual FinCEN Exchange to discuss attempts by Russia to evade export controls. The Exchange included representatives from small- to mid-size financial institutions, law enforcement, and government agencies.

 

11/06/2023

READOUT: FinCEN Hosts Public-Private Dialogue on Cyber-Related Terrorism Financing

WASHINGTON—On November 2, the Financial Crimes Enforcement Network (FinCEN) hosted a FinCEN Exchange focused on the threat posed by the illicit use of convertible virtual currency in light of Hamas’ brutal terrorist attacks in Israel and the critical role the financial industry plays in detecting terrorism financing. The Exchange included presentations by FinCEN and Federal law enforcement agencies, followed by discussions on information sharing mechanisms and observations related to terrorism financing in a dialogue involving U.S. financial institutions, technology, and social media companies.

 

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                                                                                                                              

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 growing concerns regarding…

 

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 …