Financial Crimes Enforcement Network

Compliance & Regulatory

The Financial Crimes Enforcement Network (FinCEN) is a division of the U.S. Department of the Treasury. Its mission is to safeguard the financial system from illicit use, combat money laundering, and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence.

Founded in 1990, FinCEN is based with the Treasury Department in Washington, D.C.

Latest Financial Crimes Enforcement Network News

FinCEN Issues Advisory on Elder Financial Abuse 

Feb 22, 2011By

The Financial Crimes Enforcement Network (FinCEN), has issued Advisory FIN-2011-A003 notifying the financial industry to be aware of warning signs of potential elder financial exploitation.  Due to familiarity that bank personnel often have with senior clientele, FinCEN, is reminding institutions that they can play a key role in reporting signs of abuse. As some older Americans become more reliant on assistance from caretakers due to declining mental or physical capacities, they become particularly vulnerable to theft, embezzlement, and fraudulent schemes.  Accordingly, the Advisory encourages bank personnel to be aware of common red flags that are indicators potential abuse.  Additionally,

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Washington, DC

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