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FinCEN Streamlines Mutual Fund BSA Requirements Mutual Funds to File Currency Transaction Reports

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today submitted for publication in the Federal Register a final rule amendment that replaces a mutual fund requirement to file IRS/FinCEN Form 8300 - Report of…

Department of Justice News Release: Two Members of Reverse Mortgage Fraud Ring Plead Guilty
FinCEN Director Freis Participates in Roundtable with California Bankers

FinCEN Director James H. Freis, Jr., along with 30-40 California bank chief executive officers, today participated in a California Department of Financial Institutions (DFI) roundtable discussion, hosted by DFI Commissioner William Haraf, and co-sponsored by the California Bankers Association.…

Department of Justice News Release: Attorney General Holder, Financial Fraud Enforcement Task Force Announce New Funding Distribution for Enforcement Efforts at Mortgage Fraud Summit in Phoenix
In the Matter of Wachovia Bank, National Association, Charlotte, North Carolina
Civil Money Penalty Assessed Against Wachovia Bank

On March 17, 2010, the Financial Crimes Enforcement Network (FinCEN) announced the assessment of a civil money penalty, in the amount of $110 million, against Wachovia Bank. The action represents the largest penalty action to date against a financial institution by FinCEN for violations of the…

Department of Justice News Release: Wachovia Enters into Deferred Prosecution Agreement and Agrees to FinCEN Civil Money Penalty
Office of the Comptroller of the Currency News Release: OCC Assesses Civil Money Penalty Against Wachovia
Department of Justice News Release: Wachovia Enters into Deferred Prosecution Agreement and Agrees to FinCEN Civil Money Penalty
Guidance on Obtaining and Retaining Beneficial Ownership Information

The Financial Crimes Enforcement Network (FinCEN), along with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the…