FinCEN Director’s Law Enforcement Awards Program Recognizes Significance of BSA Reporting by Financial Institutions


 In a ceremony held at the U.S. Department of the Treasury today, the Financial Crimes Enforcement Network (FinCEN) recognized the outstanding efforts of law enforcement agencies that successfully used Bank Secrecy Act (BSA) reporting in their criminal investigations. The BSA’s recordkeeping and reporting requirements help to create a financial trail that law enforcement agencies use to track criminals, their activities, and their assets. The FinCEN Director’s Law Enforcement Awards Program underscores the importance of a successful partnership between the financial industry that provides BSA information and law enforcement that utilizes it.

“Industry reporting under the BSA is critical to supporting law enforcement investigations that combat money laundering and other financial crimes,” said U.S. Treasury Secretary Steven T. Mnuchin. “Today we are recognizing the tireless efforts of law enforcement to combat financial crimes and thanking them for their partnership. We also appreciate our partnership with the new private sector as they identify and report suspicious activity.”