Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

“FinCEN Exchange” seeks to enhance public-private information-sharing

Jaclyn Jaeger | December 5, 2017

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has launched the FinCEN Exchange program to enhance information-sharing with financial institutions. 

As part of this program, FinCEN, in close coordination with law enforcement, will convene regular briefings with financial institutions to exchange information on priority illicit finance threats, including targeted information and broader typologies. This will enable financial institutions to better identify risks and focus on high priority issues and will help FinCEN and law enforcement receive critical information in support of their efforts to disrupt money laundering and other financial crimes.

“Strong public-private partnerships and two-way information sharing is a crucial component of our efforts to combat the sophisticated money laundering methods...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.