News

The Financial Crimes Enforcement Network (FinCEN) has submitted a document to the Federal Register that withdraws its April 2005 finding under…

Director James H. Freis, Jr., Associate Director Bess Michael of the International Programs Division, and other FinCEN representatives participated this past week in the 19th annual plenary meeting of the Egmont Group of financial intelligence units (FIUs), held in Yerevan, Armenia. An FIU is…

VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today released a final rule, Definitions and Other Regulations Relating to Money Services Businesses, that more clearly defines which businesses qualify as…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today announced that it has developed an electronic filing system that will accept Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR). E-Filing is a quicker, cheaper, more secure, and more reliable way for…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today announced that Money Services Businesses are now able to register with FinCEN using the Bank Secrecy Act (BSA) E-Filing System.

BSA E-Filing is a free, web-…

VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today, in its First Quarter 2011 Mortgage Loan Fraud (MLF) analysis, reported that the number of MLF suspicious activity reports (SARs) rose to 25,485 up…

Vienna, VA — The Financial Crimes Enforcement Network (FinCEN) today made a further announcement that a small subset of individuals with only signature authority over certain foreign financial accounts who are required to file a Report of Foreign Bank and Financial Accounts (FBAR) with respect…

As part of a joint effort to improve the quality of Bank Secrecy Act (BSA) data, FinCEN and the IRS have recently updated the validation of zip code fields to cover city, state, and zip code. The validation has been enhanced to verify that the city and state are consistent with the first five (5…

[Updated -- June 6, 2011] FinCEN is re-issuing Notice 2011-1 with a minor revision to clarify the scope of the administrative relief provided in Situation (2) of the Notice. The revision makes it…

In a letter to money services businesses (MSBs) dated April 27, 2011, the Financial Crimes Enforcement Network (FinCEN) requested that certain MSBs provide FinCEN with a list of their agents. The request applies to MSBs whose registration form (…

VIENNA, Va. - The Financial Crimes Enforcement Network today released two new reports based on information contained in suspicious activity reports (SARs): the 16th edition of the SAR Activity Review - By the Numbers and the 19th edition of the SAR Activity Review: Trends, Tips & Issues.…

VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today proposed regulations to implement section 104(e) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA) to impose a reporting requirement that would be invoked, as necessary, to elicit…

VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $250,000 civil money penalty against The Lower Sioux Indian Community, doing business as Jackpot Junction Casino Hotel of Morton,…