FinCEN ceremony recognizes BSA reporting

The Financial Crimes Enforcement Network held its ninth annual Law Enforcement Awards Program to recognize agencies that used Bank Secrecy Act data to successfully pursue and prosecute criminal investigations.

Details: Among those recognized were:

  • IRS, FBI, and SBA Office of Inspector General investigators who used BSA filings to identify a pandemic relief fraud ring.

  • FBI forensic accountants who used BSA data records to identify suspicious transactions and trace illicit proceeds across three continents.

  • Drug Enforcement Administration investigators who used FinCEN programs to aid in the seizure of 4.5 metric tons of cocaine hydrochloride bound for the United States.