In prepared remarks today, FinCEN Director Blanco provided important clarification on FinCEN’s information sharing program under Section 314(b) of the USA PATRIOT Act. 

WASHINGTON—In coordination with the Federal Banking Agencies, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a joint fact sheet to provide clarity to banks on how to apply a risk-based approach to charities and other non-profit organizations (NPOs).

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today convened a virtual FinCEN Exchange with representatives from financial institutions, technology firms, third-party service providers, and federal government agencies to discuss growing concerns regarding ransomware, as well as the efforts to curtail it.  Topics discussed included ransomware detection and reporting, emerging trends and typologies, and recovery of victims' funds.