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Press Releases

Members of the media may email inquiries or interview requests to press@fincen.gov.

If you are not a member of the media, please visit the FinCEN contact page.

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Treasury Convenes Global Financial Institutions to Advance Operation Economic Outcast

WASHINGTON—Today, the U.S. Department of the Treasury’s (Treasury) Financial Crimes Enforcement Network (FinCEN) led a FinCEN Exchange with global financial institutions to advance Operation Economic Outcast. The event armed financial institutions with the information they need…

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FinCEN Issues Whistleblower Bulletin on Iran-Related Illicit Finance

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a Whistleblower Bulletin in support of Operation Economic Outcast. FinCEN maintains a whistleblower incentive program for…

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FinCEN Issues Financial Trend Analysis on Health Care Fraud

Today, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis  identifying approximately $17.5 billion in suspicious financial activity potentially linked to…

FinCEN Issues Frequently Asked Questions Regarding Treatment of Verifiable Digital Credentials Under the Customer Identification Program Rule

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued answers to two new Frequently Asked Questions (FAQs) and updated one existing FAQ that address the use of state-issued mobile driver’s licenses (mDLs) and other government-issued verifiable digital…

FinCEN Issues Alert to Counter Iranian Procurement Efforts for Its Commercial Aviation Industry

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing an Alert to assist financial institutions in identifying and reporting procurement networks supporting Iran’s…

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FinCEN Identifies Nearly $13 Billion Linked to Suspected Digital Asset Scams Operated by Overseas Scam Centers

Urges Financial Institutions to be Vigilant and Report Suspicious Activity

WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published an…

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FinCEN Reissues Order Requiring Transparency from MSBs Along Southwest Border

WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) reissued a…

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FinCEN, Agencies, Issue Joint Statement on Suspicious Activity Report Confidentiality Considerations Regarding Communications with Customers

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), together with the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of…

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FinCEN Proposes Rule that Would Revoke Banque Misr UAE’s Correspondent Banking Access to U.S. Financial Institutions

Today, under Operation Economic Outcast, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule that would revoke Banque Misr UAE’s correspondent banking access to U.S. financial institutions. FinCEN issued a notice of proposed rulemaking (NPRM)…

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READOUT: FinCEN Holds Engagement to Eliminate Hospice Fraud in California

LOS ANGELES — On August 17, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) convened law enforcement and financial institutions for an engagement on health care benefits fraud, including the exploitation of hospice care services. Participants…

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READOUT: FinCEN Convenes Public-Private Engagement to Combat Cartels

SAN FRANCISCO—On August 10, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) convened law enforcement and financial institutions for an information-sharing engagement to combat cartels.

The event was led by Gene Lange,…

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FinCEN Analysis: Financial Institutions Flagged Nearly $5 Billion Linked to Suspected Human Smuggling

WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis showing that financial institutions flagged nearly $5 billion linked…

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FinCEN Permanently Ends Beneficial Ownership Reporting Requirements for Millions of Small Business Owners

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act. The final…

FinCEN Renews Minnesota Geographic Targeting Order

WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) renewed its Geographic Targeting Order (GTO) designed to combat fraud in Minnesota and protect U.S. taxpayers. Extensive schemes…

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FinCEN Assesses Historic $125 Million Penalty Against UBS Financial Services Inc. for Recidivist BSA Violations

WASHINGTON—Today, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $125,000,000 civil money penalty against UBS Financial Services Inc. (UBSFS) for willful violations of the Bank Secrecy Act (BSA…