News

VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today released its analysis of identity theft suspicious activity reports (SARs) filed by securities and futures firms that shows identity thieves prefer to use stolen account identifiers to take over existing legitimate investment…

The Financial Crimes Enforcement Network (FinCEN) today announced that it will hold an informational webinar on Thursday, September 15, 2011, from 3:00 to 4:00 p.m. EDT that will highlight the new regulatory requirements of the final rule, the intent and purpose of the rule and the regulatory…

WASHINGTON, DC - The Federal Deposit Insurance Corporation (FDIC), the Treasury's Financial Crimes Enforcement Network (FinCEN), and the State of Florida Office of Financial Regulation (OFR) today announced the assessment of concurrent civil money penalties of $10.9 million against Ocean Bank,…

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

The Financial Crimes Enforcement Network (FinCEN) is announcing that it will hold an informational Webinar on Wednesday, August 10, 2011, at 2:00 p.m. Eastern Time that will highlight to money services businesses (MSBs) the benefits of the Bank Secrecy Act Electronic Filing System (…

VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today issued its final rule that amends Bank Secrecy Act Regulations – Definitions and Other Regulations Relating to Prepaid Access, amending the…

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 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 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, 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…