FinCEN
Financial Crimes Enforcement Network
FinCEN is a bureau of the U.S. Treasury focused on combating financial crime. It collects and analyzes information to support AML enforcement.
FinCEN receives reports like SARs and CTRs and issues guidance for financial institutions. It works with domestic and international partners to detect illicit activity. Official site: FinCEN.
Related Terms
AML
Anti-Money Laundering
AML refers to the laws, regulations, and procedures designed to prevent criminals from disguising il...
BSA
Bank Secrecy Act
The BSA is a US law requiring financial institutions to assist government agencies in detecting and ...
Suspicious Activity Report
SAR
A Suspicious Activity Report is a report filed by financial institutions to notify authorities of po...
CTR
Currency Transaction Report
A CTR is a report filed for large cash transactions that exceed regulatory thresholds. In the United...
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