A U.S. person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year. For detailed…
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FinCEN's Office of Strategic Communications responds to questions from the media concerning Bank Secrecy Act requirements, FinCEN's mission, enforcement actions, and rulings. Media organizations with questions and/or requests for information or interviews can reach FinCEN's Office of Strategic Communications at 703-905-3770.
FinCEN: Our Story (An Interactive PDF)
FinCEN: Our Story (An Interactive PDF)
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The Financial Crimes Enforcement Network (FinCEN) is announcing a further extension of time for certain Report of Foreign Bank and Financial Accounts (FBAR) filings in light of the notice of proposed rulemaking (NPRM) FinCEN issued on March 10, 2016, which proposes to revise the regulations…
The new annual due date for filing Reports of Foreign Bank and Financial Accounts (FBAR) for foreign financial accounts is April 15. This date change was mandated by the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, Public Law 114-41 (the Act). Specifically,…
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Washington, DC – The Financial Crimes Enforcement Network (FinCEN) today assessed a $500,000 civil money penalty against Bethex Federal Credit Union, Bronx, New York for…
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WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) hosted the third annual International Supervisors Forum (ISF) last week. The ISF was established in 2013 by similar government regulatory agencies from the United States, Canada, the United Kingdom, Australia, and New Zealand to…
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On September 20, 2016, the U.S. District Court for the District of Columbia remanded to FinCEN a Final Rule issued under Section 311 that would have severed FBME Bank Ltd. from the U.S. financial system. In its memorandum opinion, the court stated that FinCEN had not meaningfully responded to…
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The Financial Crimes Enforcement Network (FinCEN) has issued Frequently Asked Questions (FAQs) regarding the reporting of cyber-events, cyber-enabled crime, and cyber-related information through…
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to financial institutions on cyber-events and cyber-enabled crime. Cybercriminals target…
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The Financial Crimes Enforcement Network (FinCEN) announced today that it is providing exceptive relief under 31 U.S.C. § 5318(a)(7) and 31 C.F.R. § 1010.970 to U.S. financial institutions covered by 31 C.F.R. § 1010.651 (FinCEN’s rule…
Two years ago, FinCEN issued an Advisory to U.S. Financial Institutions on Promoting a Culture of Compliance. Many financial institutions have taken positive steps to improve their compliance culture, but there is more to be done. Acting Director Jamal El-…
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WASHINGTON, DC – FinCEN today assessed a civil money penalty of $12 million against CG Technology, L.P., doing business as Cantor Gaming, for egregious and…
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The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to help financial institutions guard against a growing number of e-mail fraud schemes in which criminals misappropriate funds by deceiving financial institutions and their customers into conducting wire transfers. …
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To ensure consistent Bank Secrecy Act (BSA) coverage across the banking industry, FinCEN is proposing to require banks lacking a Federal functional regulator to establish and implement…