FinCEN

The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of the Treasury that serves as the nation's primary financial intelligence unit (FIU), responsible for safeguarding the financial system from illicit use, combating money laundering, and promoting national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial data. FinCEN administers the Bank Secrecy Act (BSA), which mandates that financial institutions establish comprehensive anti-money laundering (AML) programs, report suspicious activities, and maintain specific records to assist law enforcement and regulatory bodies in detecting and prosecuting financial crimes.