WASHINGTON—Since President Trump resumed office, the Financial Crimes Enforcement Network’s (FinCEN) Rapid Response Program (RRP) has facilitated the interdiction of over $268 million in stolen funds on behalf of U.S. victims, bringing the total to more than $1.8 billion since the program’s inception. The RRP is a partnership between FinCEN, U.S. law enforcement, and foreign partners, working together to help cyber-enabled fraud victims and their financial institutions recover stolen funds sent abroad.
Through the RRP, FinCEN can quickly share financial intelligence with counterpart foreign intelligence units and encourage foreign authorities to stop and repatriate the fraudulent transactions using their legal authorities. FinCEN’s RRP has been used to confront cyber threats in more than 96 foreign jurisdictions against a multitude of cyber schemes, including business email compromise ($425.2 million interdicted), investment fraud ($49.8 million interdicted), and phone scams ($54.5 million interdicted).
To initiate the RRP process, cyber-enabled fraud victims or their financial institutions must file a complaint with law enforcement, such as the through the Federal Bureau of Investigation’s Internet Crime Complaint Center or contact the nearest U.S. Secret Service field office. Financial institutions are encouraged to voluntarily report suspicious activity to FinCEN and immediately notify law enforcement.
FinCEN’s RRP supports the Administration’s whole-of-government effort to unleash every available tool to stop foreign-backed criminal networks from exploiting everyday Americans and businesses through cyber-enabled fraud pursuant to Executive Order 14390.
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