WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued its FinCEN Year in Review for FY 2022. The Year in Review is intended to help stakeholders gain insight into both FinCEN’s efforts to support law enforcement and national security agencies, and how financial information—filed pursuant to the Bank Secrecy Act (BSA)—is used.
“The information that financial institutions provide to FinCEN is integral to promoting national security, and aiding law enforcement agencies in their efforts to investigate and prosecute criminals that abuse the financial system,” said FinCEN Acting Director Himamauli Das. “We will continue to work with our partners to gather more information about how BSA reporting is being used, and the tangible outcomes that BSA reports make possible.”
The information released today builds on the work that law enforcement agencies—including the Internal Revenue Service-Criminal Investigation and the U.S. Department of Justice—have already done to compile statistics. The Year in Review includes statistics from fiscal year 2022 on BSA reports filed; law enforcement queries of BSA data; requests made and information shared under Section 314 of the USA PATRIOT Act; information gained from FinCEN’s FY22 Portal Query Performance Measure Survey; and information on FinCEN’s various programs and regulatory actions. The document supports Section 6201 of the Anti-Money Laundering Act of 2020.