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CareersThe Financial Crimes Enforcement Network (FinCEN) is one of Treasury's primary agencies responsible for establishing, overseeing and implementing policies to prevent and detect money laundering. Money laundering involves disguising financial assets so that criminals can use these funds without detection of the illegal activity that produced them. Through money laundering, the criminal transforms these assets into funds with an apparently legal source. FinCEN’s mission is to enhance U.S. national security, deter and detect criminal activity, and safeguard financial systems from abuse by promoting transparency in the U.S. and international financial systems. FinCEN accomplishes its mission in two ways. First, it uses counter-money laundering laws -- the Bank Secrecy Act (BSA) -- to require reporting and recordkeeping by banks and other financial institutions. This recordkeeping preserves a financial trail for investigators to follow as they track criminals and their assets. The BSA also requires reporting suspicious transactions which could trigger investigations. Second, FinCEN provides intelligence and analytical support to federal, state, local and international law enforcement using state-of-the-art-technology. FinCEN's analysts combine information reported under the BSA with other government and public information; this information is then provided to the law enforcement community in the form of intelligence reports. These reports assist law enforcement build investigations and plan new strategies to combat money laundering. |
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