financial crimes enforcement network (Meaning)
financial crimes enforcement network (n)
a law enforcement agency of the Treasury Department responsible for establishing and implementing policies to detect money laundering
Synonyms & Antonyms of financial crimes enforcement network
No Synonyms and anytonyms found
financial crimes enforcement network Sentence Examples
- The Financial Crimes Enforcement Network (FinCEN) tracks and analyzes financial transactions to combat money laundering and terrorist financing.
- FinCEN's Suspicious Activity Report (SAR) system allows financial institutions to report potentially suspicious transactions to the network.
- FinCEN's Bank Secrecy Act (BSA) regulations require financial institutions to implement anti-money laundering programs and maintain records of financial transactions.
- FinCEN's Geographic Targeting Orders (GTOs) allow the network to request specific information from financial institutions operating in designated geographic areas.
- FinCEN's Analysis Unit uses sophisticated data analytics tools to identify and investigate financial crimes.
- FinCEN's Enforcement Unit works closely with law enforcement agencies to prosecute financial crime cases.
- FinCEN's Advisory Committee provides input and guidance to the network on its policies and initiatives.
- FinCEN collaborates with foreign financial intelligence units to combat cross-border financial crime.
- FinCEN's training and outreach programs educate financial institutions and law enforcement agencies on the detection and prevention of financial crimes.
- FinCEN plays a vital role in protecting the U.S. financial system from illicit activities and safeguarding the national security of the United States.
FAQs About the word financial crimes enforcement network
a law enforcement agency of the Treasury Department responsible for establishing and implementing policies to detect money laundering
No synonyms found.
No antonyms found.
The Financial Crimes Enforcement Network (FinCEN) tracks and analyzes financial transactions to combat money laundering and terrorist financing.
FinCEN's Suspicious Activity Report (SAR) system allows financial institutions to report potentially suspicious transactions to the network.
FinCEN's Bank Secrecy Act (BSA) regulations require financial institutions to implement anti-money laundering programs and maintain records of financial transactions.
FinCEN's Geographic Targeting Orders (GTOs) allow the network to request specific information from financial institutions operating in designated geographic areas.
