Financial Crimes Enforcement Network - Strategic Plan 2006-2008

GuidanceFinancial Crimes Enforcement Network (FINCEN)General Information

As Director of the Financial Crimes Enforcement Network, this nation’s financial intelligence unit, I am proud that our skilled professionals are at the forefront of this country’s efforts to protect our financial system from abuse by criminals and terrorist financiers. Under authorities granted to us by the Bank Secrecy Act and the USA PATRIOT Act, our role is to prevent and detect terrorist financing, money laundering, and other financial crime.

These are times of rapid change in the financial arena. Internet-based financial activity, changing methodologies for money laundering and terrorist financing, and the sheer number and variety of worldwide financial transactions make tracking illicit financial activity increasingly challenging. In the face of these developments, the Financial Crimes Enforcement Network needs to become more sophisticated, agile, and creative in assessing and responding to financial system risks. Approaches that addressed the needs of the past must give way to policies, processes, and analytical techniques that meet present and future realities.

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