The Financial Crimes Enforcement Network (FinCEN) was founded in 1990. The entity acts as a bureau of the United States Department of the Treasury. FinCEN’s primary aim is to combat money laundering and terrorist financing by collecting, analyzing, and disseminating relevant knowledge. Among many regulations, FinCEN also enforces the Bank Secrecy Act (BSA). BSA requires financial institutions to report suspicious transactions and maintain proper records. To safeguard the U.S. financial system, FinCEN also collaborates with many domestic and international partners that aim to combat financial crimes.
Financial Crimes Enforcement Network (FinCEN)
Our indoor expertise for constantly delivering high quality results and supporting compliance culture within licensed entities and service providers, add essential advantages and an excellent customer experience. Bulgaria based company with European reach, providing bespoke AML and CFT services to FinTech and MSB.