Financial Crimes Enforcement Network: Annual Report Fiscal Year 2009   [open pdf - 848KB]

"This past year, an example of our networking and leveraging capabilities came to national attention. In April 2009, the Administration announced a multi-agency crackdown on foreclosure rescue scams and loan modification fraud, aligning responses from Federal law enforcement agencies, State investigators and prosecutors, civil enforcement authorities, and the private sector. FinCEN [Financial Crimes Enforcement Network] is at the center in supporting this effort because of its long experience with mortgage fraud and its unique capacity to network and facilitate information sharing. In September, along with Attorney General Eric Holder, Housing and Urban Development Secretary Shaun Donovan, Federal Trade Commission Chairman Jon Leibowitz, and 12 State Attorneys General, I represented FinCEN at a meeting at which Treasury Secretary Timothy F. Geithner shared an update on the Administration's progress toward the goals it announced in April. We also discussed emerging trends in our respective industries, as well as strategies to combat consumer fraud in the housing markets and to further build upon this concerted approach to fight financial crime."

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Financial Crimes Enforcement Network (U.S.): http://www.fincen.gov/
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