Working Together Against Money Laundering and Terrorist Financing
Money laundering and terrorist financing are complex and evolving threats. That is why collaboration is essential for FINCEN. We work closely with both public and private sector partners at national and international levels to strengthen the fight against these financial crimes.
Joint Efforts for a Safer Financial System
FINCEN partners with organizations across the financial chain to detect and combat money laundering, related predicate offenses, and terrorist financing. Whether it involves identifying suspicious financial activities, ensuring legal compliance, disrupting criminal networks, or analyzing unusual transactions, every partner plays a crucial role in maintaining the safety and integrity of the financial system.
Reporting Institutions
FINCEN collaborates with designated institutions required to report unusual transactions. These reporting institutions, often called gatekeepers, play a key role in keeping the financial system secure. Timely and accurate reports help FINCEN investigate whether individuals or entities are involved in financial crime. We regularly engage with these institutions through guidance, events, and updates on emerging risks and reporting practices.
Supervisory Authorities
Several regulatory bodies oversee compliance with reporting obligations across different sectors. These supervisors assess how institutions conduct client due diligence and submit reports. They also exchange information with FINCEN to ensure effective oversight and to prevent misuse of the financial system.
Law Enforcement and Security Services
Suspicious transactions identified by FINCEN are shared with investigative, intelligence, and security agencies according to legal requirements. We maintain close cooperation with these authorities to maximize the use of financial intelligence in criminal investigations. The Public Prosecution Service is also a key partner in ensuring that criminal assets are traced and legal actions are taken.
Building Strategic Partnerships
In addition to established collaborations, FINCEN actively seeks new forms of partnership to strengthen its impact. Initiatives like multi-agency alliances and financial intelligence task forces contribute to a coordinated and proactive approach in tackling financial crime.