VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today announced the publication of guidance designed to enable depository institutions to more easily determine and document certain business customers' eligibility for exemption…
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.
WASHINGTON - The Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of the Currency (OCC) today announced the assessment of concurrent civil money penalties, each $5 million, against the New York Branch of Doha Bank, Doha, Qatar ("the Branch"), for past violations of…
The Financial Crimes Enforcement Network (FinCEN) has transferred all resources for money services businesses (MSBs) to the “financial institutions” section of its Web site. MSBs now will find all Bank Secrecy Act (BSA) information related to their industry in one place on www.fincen…
This spring, FinCEN will transfer all information for money services businesses (MSBs) to its main Web site. Once the conversion is complete, users will find all of the same information on the new Web site as is currently available. FinCEN will notify users once the transfer of information has…
VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today announced the selection of Nicholas Colucci as head of the bureau's Analysis and Liaison Division (ALD).
"FinCEN is pleased to have Nicholas Colucci in this key position," said FinCEN Director James H. Freis, Jr. "As…
VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today released a new report that shows subjects reported for suspected mortgage loan fraud may also be involved in other financial crimes such as check fraud, money laundering,…
WASHINGTON, D.C., March 11, 2009 – NEIL M. BAROFSKY, the Special Inspector General for the Troubled Asset Relief Program (“SIGTARP”), announced today, in coordination with the Inspector General for the Board of Governors of the Federal Reserve System (“FRB-OIG”), the formation of a broad, multi-…
VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) has proposed revised rules and new guidance that permit certain affiliates of depository institutions as well as broker-dealers in securities, mutual funds, futures commission merchants, and introducing brokers in commodities, to…
VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today released its latest mortgage fraud analysis - titled Filing Trends in Mortgage Loan Fraud - that shows suspicious activity reports (SARs) filed on suspected mortgage…
The Financial Crimes Enforcement Network (FinCEN) is providing an educational pamphlet, "Notice to Customers: A CTR Reference Guide," for financial institutions and their customers containing information on the currency transaction reporting (CTR) requirement.1 FinCEN is providing…
VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) reported in its new study that the number of currency transaction reports filed by casinos (CTRCs) fell by more than a third after FinCEN reduced reporting requirements on certain categories of transactions that…
As the deadline noted above is approaching, it is critical that current magnetic media filers transition to the BSA E-Filing System as soon as possible. Any magnetic media submissions received after the December 31, 2008 deadline will be considered an indicator of non-compliance…