ANTI-MONEY LAUNDERING: Better Communication Could Enhance the Support FinCEN Provides to Law Enforcement

April 2010
GAO Reports;4/28/2010, preceding p1
Government Documents
The article discusses the products and services which the Financial Crimes Enforcement Network (FinCEN) provides to law enforcement in support to money laundering, terrorist financing, and other financial crimes investigation. It says that requests from law enforcement agencies for data regarding investigations are being responded by FinCEN, producing analytic products that cover financial crimes issues. Moreover, FinCEN has worked for the increased production of its complex analytic products.


Related Articles

  • Fincen Anti-Launder Rule Addresses Diverse Issues. Hernandez, Will // American Banker;7/28/2011, Vol. 176 Issue 116, p7 

    The article discusses a rule issued by Financial Crimes Enforcement Network (Fincen) to prevent money laundering and regulate the selling of prepaid cards.

  • Fincen Reorganizes to Strengthen Enforcement Efforts. Browdie, Brian // American Banker;6/25/2013, Vol. 178 Issue 97, p16 

    The article reports on the U.S. Financial Crimes Enforcement Network's (Fincen's) reorganization into policy and enforcement divisions and notes this reorganization is expected to strengthen Fincen's enforcement of anti-money laundering laws. A press release from Fincen's director Jennifer...

  • FinCEN Opinion on Associations of Financial Institutions in 314(b) Program.  // Credit Union Regulatory Compliance Report;2012, Vol. 19 Issue 10, p4 

    The article reports on the issuance of an opinion by the Financial Crimes Enforcement Network (FinCEN) on the definition of association of financial institutions related to participation in the voluntary information sharing program implemented in the U.S. The implementation allows financial...

  • Freis Defends Usefulness of BSA Data.  // BSA/AML Update;9/1/2011, Vol. 7 Issue 17, p7 

    The article discusses a speech by James H. Freis Jr., director of the U.S. Financial Crimes Enforcement Network (FinCEN), delivered at an anti-money laundering conference. He emphasized the usefulness of the Bank Secrecy Act (BSA) data because they are highly valuable and regularly used by law...

  • Mideast Mess Puts Banks on AML Alert. Landy, Heather // American Banker;3/3/2011, Vol. 176 Issue 34, p1 

    The article presents an interview with Tony Wicks who is the director of anti-money-laundering solutions at NICE Actimize, a software company. He answers questions about the Financial Crimes Enforcement Network's advisory alert on February 24, 2011 reminding U.S. financial institutions to...

  • Fincen Chief Q&A: What We Expect from Digital Currency Firms. Blackwell, Rob // American Banker;5/31/2013, Vol. 178 Issue F321, p10 

    The article presents an interview with the Financial Crimes Enforcement Network's (Fincen's) director Jennifer Shasky Calvery. She talks about Fincen's March 2013 regulatory guidance for virtual or digital currency. Calvery says any financial institution and financial service has the potential...

  • Stiff Fines Lead to Rethink Of Money Laundering Fight. Quittner, Jeremy // American Banker;2/29/2012, Vol. 177 Issue 32, p1 

    The article reports on money laundering and the difficulty U.S. banks have in preventing fraud. The discussion focuses on the complexity of banking and the need for better money laundering detection software. The efforts of SAS Institute Inc., Ridgewood Savings Bank, and the U.S. Treasury...

  • Fincen Seeks to Deputize Banks in $6B Laundering Case. Cumming, Chris // American Banker;5/29/2013, Vol. 178 Issue 82, p13 

    The article reports the U.S. Treasury's Financial Crimes Enforcement Network (Fincen) proposed a rule that will stop financial institutions from keeping correspondent accounts for foreign banks that process transactions for the digital currency issuer Liberty Reserve. The article notes Liberty...

  • GAO Recommends Better FinCEN Communication with LEAs.  // Bank Security Report;Jan2010, Vol. 39 Issue 1, p1 

    The article presents the U.S. Government Accountability Office's (GAO) report concerning the usefulness of the Financial Crimes Enforcement Network (FinCEN) to the federal law enforcement agencies' (LEAs) efforts to investigate and prosecute financial crimes. The report indicated that...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics