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VIENNA, Va. – James H. Freis, Jr., the Director of the Financial Crimes Enforcement Network (FinCEN), and James J. Donelon, Louisiana Commissioner of Insurance, have signed a Memorandum of Understanding (MOU) that will allow the Federal Anti-Money Laundering (AML) regulator and the State…

Good afternoon. I appreciate the opportunity to speak with you all today about the work we are doing at the Financial Crimes Enforcement Network - known as FinCEN.

Let me say at the outset that the work being done by the Louisiana Office of Financial Institutions underscores the strong…

Good morning. I am pleased to be joining you again today. When I spoke with you last year, I focused my remarks on what FinCEN was trying to do to address a vulnerability in our Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regime as it relates to mortgage brokers, and how this effort fits…

VIENNA, Va. – The Financial Crimes Enforcement Network today released its full year 2011 update of mortgage loan fraud reported suspicious activity reports (MLF SARs) that shows financial institutions submitted 92,028 MLF SARs…

Today, the Financial Crimes Enforcement Network (FinCEN) began to accept the new Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) into FinCEN's BSA E-Filing System. Together, these two new reports will replace FinCEN Form 104 (CTR), FinCEN Form 103 (CTR by Casinos), and all…

“I appreciate the [Office of Inspector General’s] recognition that the program is on schedule and within cost, the business case is reliable, we have strong management controls, and we effectively collaborate with stakeholders.

“As noted in the report, findings are based on information…

The Financial Crimes Enforcement Network's (FinCEN's) new SAR and CTR reports are now being accepted through the electronic filing (E-Filing) system. The BSA E-Filing System will continue to accept submissions of the legacy reports until March 31, 2013. Until then, financial institutions may…