FinCEN Holds 5th Awards Program Recognizing Importance of BSA

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Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco hosted the fifth annual FinCEN Director’s Law Enforcement Awards Program today, during which he recognized the efforts of several law enforcement agencies that used Bank Secrecy Act (BSA) reporting to successfully pursue and prosecute 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. 

 “BSA data is an important part of our national security apparatus and how we protect the people of our nation from criminals, terrorists, and other bad actors,” said FinCEN Blanco. “The successful prosecution of the cases recognized here today demonstrates that the information that financial institutions report to us through their BSA filings makes a difference in the lives of many people every day. It provides leads, helps expand cases, identifies networks of criminals and other bad actors, and often helps to alert the regulatory and law enforcement communities to trends in illicit activity, making our communities safer.”

The program is open to all Federal, state, local, and tribal law enforcement agencies. The seven award categories and the 2019 award recipients are:

  • Significant Fraud:  Internal Revenue Service-Criminal Investigation (IRS-CI) 
  • Cyber Threats:  United States Attorney’s Office-Southern District of New York (USAO-SDNY)
  • SAR Review Team:  Immigration and Customs Enforcement-Homeland Security Investigations (ICE-HSI) 
  • State and Local Law Enforcement:  Wilmette Police Department
  • Third Party Money Launderers:  Internal Revenue Service-Criminal Investigation (IRS-CI) 
  • Transnational Organized Crime:  United States Attorney’s Office-Southern District of New York (USAO-SDNY) 
  • Transnational Security Threats:  Federal Bureau of Investigation (FBI)

View the press release here for more information.

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