What Does FINCEN Stand For?

FINCEN stands for Financial Crimes Enforcement Network

The Financial Crimes Enforcement Network (FINCEN) is a bureau of the U.S. Department of the Treasury that enhances the government's ability to combat money laundering and other financial crimes. It serves as a central agency for collecting, analyzing, and disseminating financial intelligence and information, and works collaboratively with law enforcement, regulatory agencies, and international partners to safeguard the financial system from illicit activities. FINCEN also develops and enforces regulations to ensure compliance and promote transparency in financial transactions.