Financial Crimes Enforcement Network: Annual Report Fiscal Year 2004   [open pdf - 821KB]

"This report describes steps we have taken this year to address these challenges. For example, we have: 1) Realigned our organization to reflect our functional priorities, reduced the number of managers to 26, and enhanced our processes for overseeing and assisting our regulatory partners to whom compliance examination responsibilities for the Bank Secrecy Act [BSA] have been delegated. 2) Begun to better use our skilled professionals for complex analysis of financial intelligence, including classified data. 3) Launched a major initiative to make Bank Secrecy Act data and analytical tools available to authorized users through an easy-to-use, secure, web-based program. This initiative, called BSA Direct, will help to assure that we can continue the needs of our law enforcement customers for financial data as our employees move toward more complex analysis. This initiative will also provide the architecture for greatly expanding e-filing of Bank Secrecy Act data. 4) Taken steps to enhance data exchanges with the financial institutions that file Bank Secrecy Act reports, with our regulatory partners, with law enforcement agencies that use that information to track financial crimes, with the intelligence community, and with our counterpart government agencies, known as financial intelligence units, across the globe."

Public Domain
Retrieved From:
Financial Crimes Enforcement Network (U.S.): http://www.fincen.gov/
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