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We are issuing this guidance to assist money services businesses in understanding the regulatory requirements regarding conducting independent reviews of their anti-money laundering programs. The Bank Secrecy Act requires money services businesses to establish anti-money laundering programs that…

Robert W. Werner, Director of the Financial Crimes Enforcement Network (FinCEN), announced today the selection of Edward J. Dorris as Chief Information Officer (CIO) and the Associate Director of FinCEN's Information and Technology Division. Mr. Dorris will oversee the technical infrastructure that…

Chairman Shelby, Senator Sarbanes and distinguished members of the Committee, I appreciate the opportunity to appear before you today to discuss the Financial Crimes Enforcement Network’s (FinCEN) ongoing initiatives and efforts to combat money laundering and terrorist financing in the post 9/11…

Brian Ferrell, Chief Counsel of the Financial Crimes Enforcement Network, will be departing the agency at the end of August to become Assistant Vice President and Assistant General Counsel within the compliance group at The Hartford Financial Services Group, Inc., a financial services and insurance…

Dear [ ]: I am writing in response to your letter of June 7, 2006 to the U.S. Department of the Treasury, in which you request an administrative ruling on behalf of [ ] that addresses whether the Bank Secrecy Act and its implementing regulations require corporate credit unions to file Currency…

The Financial Crimes Enforcement Network (FinCEN) announced today that Deprez’s Quality Jewelry and Loans, Inc. consented to the assessment of a civil money penalty in the amount of $25,000 for violations of the Bank Secrecy Act (BSA). Deprez Jewelry is a money services business (MSB) located in…