What is the FinCEN?
“FinCEN” is the Financial Crimes Enforcement Network. It is the governing office for anti-money laundering and is overseen by the Treasury Department. The main goal of FinCEN is to facilitate information sharing and cooperation between federal and state agencies and the financial community and their regulatory agencies. FinCEN administers compliance with the federal Bank Secrecy Act, which was amended by the USA Patriot Act to impose anti-money laundering requirements on dealerships.
