Department of the Treasury

Financial Crimes Enforcement 

Network

Congressional Justification 

for Appropriations and 

Annual Performance 

Report and Plan

FY 2018 
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Table of Contents

Section I – Budget Request..........................................................................................................3

A – Mission Statement...............................................................................................................3

B – Summary of the Request .....................................................................................................3

1.1 – Appropriations Detail Table .............................................................................................3

1.2 – Budget Adjustments Table................................................................................................4

C – Budget Increases and Decreases Description......................................................................4

1.3 – Operating Levels Table.....................................................................................................5

D – Appropriations Language and Explanation of Changes .....................................................6

E – Legislative Proposals...........................................................................................................6

Section II – Annual Performance Plan and Report..................................................................7

A – Strategic Alignment ............................................................................................................7

B – Budget and Performance by Budget Activity .....................................................................8

2.1.1 BSA Administration and Analysis Resources and Measures...........................................8

BSA Administration and Analysis Budget and Performance....................................................9

C – Changes in Performance Measures...................................................................................10

Section III – Additional Information .......................................................................................11

A – Summary of Capital Investments......................................................................................11
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Section I – Budget Request

A – Mission Statement

Safeguard the financial system from illicit use and combat money laundering and promote 

national security through the collection, analysis, and dissemination of financial intelligence and 

strategic use of financial authorities.

B – Summary of the Request 

In carrying out its mission, FinCEN has numerous statutory areas of responsibility:

• Developing and issuing regulations under the Bank Secrecy Act (BSA); 

• Enforcing compliance with the BSA in partnership with law enforcement and other 

regulatory partners; 

• Serving as the U.S. Financial Intelligence Unit (FIU) and maintaining a network of 

information sharing with FIUs in 151 partner countries; 

• Receiving millions of new financial reports each year; 

• Securing and maintaining a database of over 190 million reports; 

• Analyzing and disseminating financial intelligence to federal, state, and local law 

enforcement, federal and state regulators, foreign FIUs, and industry; 

• Bringing together the disparate interests of law enforcement, FIUs, regulatory partners, 

and industry.

1.1 – Appropriations Detail Table

Dollars in Thousands

Financial Crimes Enforcement Network FY 2016 FY 2017 FY 2018 FY 2017 to FY 2018

Appropriated Resources Enacted Annualized CR Request Change % Change

 FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT

New Appropriated Resources:

BSA Administration and Analysis 278 $112,979 338 $112,764 332 $112,764 (6) $0 -1.78% 0.00%

Subtotal New Appropriated Resources 278 $112,979 338 $112,764 332 $112,764 (6) $0 -1.78% 0.00%

Other Resources:

Reimbursables 1 $3,000 1 $3,000 1 $3,000 0 $0 0.00% -0.00%

Recovery from Prior Years 0 $500 0 $500 0 $500 0 $0 0.00% -0.00%

Subtotal Other Resources 1 $3,500 1 $3,500 1 $3,500 0 $0 0.00% -0.00%

Total Budgetary Resources 279 $116,479 339 $116,264 333 $116,264 (6) $0 1.77% -0.00%

Note: FY 2016 is showing actual FTE usage. The 338 Direct FTE in FY 2017 is a reduction from 343 enacted in FY 2016 due to 

the absorption of the 2017 pay raise and 2016 pay annualization.
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1.2 – Budget Adjustments Table

Dollars in Thousands

Financial Crimes Enforcement Network 

(FINCEN) FTE Amount

FY 2017 Annualized CR 338 $112,764 

Changes to Base:

Maintaining Current Levels (MCLs): - $2,276 

Pay-Raise - $783 

Pay Annualization - $287 

Non-Pay - $1,206 

Efficiency Savings - ($1,206)

Efficiency Savings - ($1,206)

Subtotal Changes to Base - $1,070

Total FY 2018 Base 338 $113,834 

Program Changes:

Program Decreases (6) ($1,070)

Program Staffing Reductions (6) ($1,070)

Subtotal Program Changes (6) ($1,070)

Total FY 2018 Request 332 $112,764 

Note: The 338 FTE in FY 2017 is a reduction from 343 enacted in FY 2016 due to the

absorption of the 2017 pay raise and 2016 pay annualization. 

C – Budget Increases and Decreases Description

Maintaining Current Levels (MCLs) ......................................................+$2,276,000 / +0 FTE

Pay Raise +$783,000 / +0 FTE 

Funds are requested for the proposed January 2018 pay-raise.

Pay Annualization +$287,000 / +0 FTE 

Funds are requested for annualization of the January 2017 pay-raise.

Non-Pay +$1,206,000 / +0 FTE 

Funds are requested for non-labor expenses such as travel, contracts, rent, contracts, supplies,

and equipment.

Efficiency Savings ......................................................................................-$1,206,000 / +0 FTE

Efficiency Savings -$1,206,000 / +0 FTE 

These efficiencies are a result of reductions in printing and savings realized through reevaluated or negotiated contracts.

Program Decreases ......................................................................................-$1,070,000 / -6 FTE

Program Staffing Reductions -$1,070,000 / -6 FTE

This reduction will be taken across several FinCEN program areas. FinCEN will evaluate open 

positions for possible absorption of workload associated with positions lost through attrition. 
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1.3 – Operating Levels Table

Dollars in Thousands

Financial Crimes Enforcement Network (FinCEN) FY 2016 FY 2017 FY 2018

Object Classification Enacted Annualized CR Request

11.1 - Full-time permanent 41,115 41,817 42,136 

11.3 - Other than full-time permanent 408 408 408 

11.5 - Other personnel compensation 205 205 205 

11.9 - Total personnel compensation 41,728 42,430 42,749 

12.0 - Personnel benefits 12,259 12,260 11,941 

Total Personnel and Compensation Benefits $53,987 $54,690 $54,690 

21.0 - Travel and transportation of persons 607 615 628 

23.1 - Rental payments to GSA 4,380 4,130 4,151 

23.2 - Rental payments to others 31 32 32 

23.3 - Communication, utilities, and misc charges 1,649 1,670 1,705 

24.0 - Printing and reproduction 200 207 172 

25.1 - Advisory and assistance services 1,097 1,097 1,097 

25.2 - Other services from non-Federal sources 14,864 15,873 15,778 

25.3 - Other goods and services from Federal sources 9,132 9,496 9,698 

25.4 - Operation and maintenance of facilities 740 0 0 

25.6 - Medical care 171 174 174 

25.7 - Operation and maintenance of equipment 18,629 17,979 17,811 

26.0 - Supplies and materials 319 326 333 

31.0 - Equipment 7,173 6,475 6,495 

Total Non-Personnel $58,992 $58,074 $58,074 

Subtotal New Budgetary Resources $112,979 $112,764 $112,764 

FTE 279 338 332

This table includes total annually appropriated funding (enacted for FY 2016, FY 2017 Annualized CR and FY 2018 request).
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D – Appropriations Language and Explanation of Changes

Appropriations Language Explanation of Changes

DEPARTMENT OF THE TREASURY

FINANCIAL CRIMES ENFORCEMENT NETWORK

Federal Funds

SALARIES AND EXPENSES

For necessary expenses of the Financial Crimes Enforcement 

Network, including hire of passenger motor vehicles; travel and 

training expenses of non-Federal and foreign government 

personnel to attend meetings and training concerned with 

domestic and foreign financial intelligence activities, law 

enforcement, and financial regulation; services authorized by 5 

U.S.C. 3109; not to exceed $10,000 for official reception and 

representation expenses; and for assistance to Federal law 

enforcement agencies, with or without reimbursement, 

$112,764,000, of which not to exceed $34,335,000 shall remain 

available until September 30, 2020.

Note.—A full-year 2017 appropriation for this account was not 

enacted at the time the budget was prepared; therefore, the budget 

assumes this account is operating under the Further Continuing 

Appropriations Act, 2017 (P.L. 114–254). The amounts included 

for 2017 reflect the annualized level provided by the continuing 

resolution.

E – Legislative Proposals

FinCEN has no legislative proposals.
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Section II – Annual Performance Plan and Report

A – Strategic Alignment

FinCEN develops and issues regulations under the BSA; enforces compliance with the BSA in 

partnership with regulatory partners and as the sole BSA regulator across numerous industries; 

receives BSA reports and maintains a database; analyzes and disseminates financial intelligence 

to federal, state, and local law enforcement, federal and state regulators, foreign FIUs, and 

industry; and serves as the U.S. FIU and maintains a network of information sharing with FIUs 

in partner countries. The FY 2018-2022 Treasury strategic plan is under development, and the 

FY 2019 annual performance report and plan will update FinCEN alignment to Treasury 

priorities.

In FY 2016 FinCEN had several noteworthy accomplishments. Some highlights are FinCEN: 

used financial intelligence to identify foreign terrorist fighters facilitation networks; proactively 

supported efforts to counter terror financing by supporting Paris and Brussels terrorist attack 

investigations and the Orlando shooting investigation; assisted DOJ in recovering $1.3 billion in 

tax-evasion penalties that started in 2014 and these recoveries lead to 78 non-prosecution 

agreements with 80 Swiss banks; launched a geographic targeting order in Florida that 

contributed to the arrests and pending arrests of 22 alleged co-conspirators in a complex money 

laundering scheme with ties to the Mexican Sinaloa drug cartel; issued final rule under section 

311 of the Patriot Act to further restrict North Korea’s access to the U.S. financial system; issued 

two Financial Action Task Force enhanced advisories that identified jurisdictions with antimoney laundering/countering the financing of terrorism (AML/CFT) deficiencies and two cyberthreat related advisories to financial institutions regarding e-mail compromise fraud schemes; 

produced the Customer Due Diligence final rule that requires identification of beneficial owners; 

and issued six penalties totaling $8,660,000. 

FinCEN’s FY 2017 and FY 2018 priorities include target examination and enforcement efforts

to high risk and priority areas, with increased focus on money services businesses; expand

understanding and analysis of illicit networks, institutions, jurisdictions, and schemes, with 

emphasis on national security threats and terrorist groups such as ISIS; ensure the BSA

regulatory structure effectively and efficiently targets illicit financing risks; manage the efficient

collection, processing, and retrieval of BSA data; and foster strong public-private partnerships 

with the financial industry.
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B – Budget and Performance by Budget Activity

2.1.1 BSA Administration and Analysis Resources and Measures

Dollars in Thousands

BSA Administration and Analysis Budget Activity

 Resource Level FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018

Enacted Enacted Enacted Enacted Enacted Annualized 

CR Request

Appropriated Resources $110,788 $104,993 $112,000 $112,000 $112,979 $112,764 $112,764

Reimbursables

Resources $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000

Budget Activity Total $113,788 $107,993 $115,000 $115,000 $115,979 $115,764 $115,764

FTE (Actual) 301 302 279 276 279 339 333

Measure FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2016 FY 2017 FY 2018 FY 2012 -

Actual Actual Actual Actual Actual Target Target Target FY 2016

Trend

Percentage of Users 

Finding That the Financial 

Intelligence Collected by 

FinCEN Pursuant its 

Regulations Provides 

Valuable Information to 

Safeguard the Financial 

System, Combat Money 

Laundering, and Counter 

Terrorist Financing

90.0 80.0 81.0 83.0 84.0 84.0 85.0 86.0

Percentage of AML/CFT 

Supervisors Who Indicate 

That FinCEN’s 

Enforcement Actions Have 

Resulted in Increased 

Compliance by Covered 

Financial Institutions

N/A N/A 81.0 88.0 94.0 89.0 94.0 95.0

Percentage of Customers 

Finding that FinCEN's 

Analytic Products and 

Advanced Research 

Positively Affected 

Investigations, Operations, 

or Understanding of 

Threats to the Financial 

System

N/A N/A N/A 95.0 95.0 95.0 95.0 95.0

Percentage of 

Stakeholders Finding 

FinCEN’s Information 

Sharing Has Contributed to 

Their Organization’s 

Responsibilities

N/A N/A 89.0 91.0 91.0 92.0 92.0 92.0

Percentage of Users 

Satisfied with FinCEN 

Information Sharing 

Systems

N/A N/A 78.0 80.0 83.0 80.0 84.0 84.0
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BSA Administration and Analysis Budget and Performance

($112,764,000 from direct appropriations, $3,000,000 from reimbursable resources):

Description of Performance:

FinCEN conducts annual surveys of users on the utility and value of FinCEN’s information, 

analysis, and systems. The results provide valuable feedback on FinCEN’s performance 

safeguarding the financial system from illicit use, combatting money laundering and promoting 

national security.

FinCEN tracks the percentage of users finding that financial intelligence collected by FinCEN 

pursuant to its regulations provides valuable information to safeguard the financial system, 

combat money laundering, and counter terrorist financing. This measure supports FinCEN 

Strategic Objective 1.1 to adopt strong AML/CFT regulatory safeguards. In FY 2016, FinCEN 

met its target of 84 percent, with 84 percent finding value. FinCEN attained this result by

continued emphasis on on-line training for users of the FinCEN Query tool for their unique 

cases and situations. The target increases to 85 percent and 86 percent in FY 2017 and FY 

2018.

FinCEN tracks the percentage of AML/CFT supervisors who indicate that FinCEN’s 

enforcement actions have resulted in increased compliance by covered financial institutions. 

This measure supports FinCEN Strategic Objective 1.2 to implement and enforce AML/CFT 

regulatory authorities and employ targeted financial measures against priority threats. In 

FY 2016, FinCEN surpassed its target of 89 percent with 94 percent finding enforcement 

actions have resulted in increased compliance. FinCEN was able to achieve this by successfully 

pursuing enforcement actions and outreach. The target is 94 percent in FY 2017 and increases 

to 95 percent in FY 2018. 

This new measure is the percentage of customers finding FinCEN’s analytic products and 

advanced research positively affected investigations, operations, or understanding of threats to 

the financial system. This measure supports FinCEN Strategic Objective 1.3 to use research, 

analysis, and advanced analytics to identify and explain priority threats to the financial system.

In FY 2015 and FY 2016, 95 percent of respondents found the analytic products and research 

had a positive impact. The FY 2017 and FY 2018 targets are set at 95 percent.

FinCEN measures the percentage of stakeholders finding FinCEN’s information sharing has 

contributed to their organization’s responsibilities. This supports FinCEN Strategic Objective 

2.1 to implement and manage programs to effectively network, coordinate, and share financial 

intelligence between FinCEN and its domestic and foreign partners in government and private 

industry. In FY 2016, FinCEN narrowly missed its target of 92 percent with 91 percent finding 

the information sharing helpful. FinCEN will maximize the sharing of financial intelligence 

between FinCEN and its domestic and foreign partners in government and private industry to 

attain future targets. The FY 2017 and FY 2018 targets are 92.

FinCEN tracks the percentage of users satisfied with FinCEN information sharing systems. 

This measure supports FinCEN Strategic Objective 2.2 to develop and support effective 

technology systems to collect and analyze financial intelligence from private industry and share 

it with domestic and foreign government partners. The measure is based on survey responses 
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and represents user satisfaction with the BSA E-Filing System, FinCEN Query, and the Egmont 

Secure Web. In FY 2016, FinCEN exceeded its target of 80 percent with 83 percent of the users 

satisfied with information sharing systems. FinCEN strives to provide systems with fast 

response times. FinCEN also continues to receive positive feedback on the usefulness of the 

data it provides, as well as knowledgeable and courteous user support. In FY 2017 and FY 

2018 targets are set at 84. 

C – Changes in Performance Measures 

Performance Measure or Indicator Proposed Change and Justification

1. Percentage of customers finding that 

FinCEN’s research, analysis, and 

advanced analytics contribute to the 

safeguarding of the financial system, 

combating money laundering, and 

counter terrorist financing (discontinue)

Propose to stop reporting this metric because

FinCEN refined the measure name and 

methodology to more accurately reflect what the 

analytics products are intended to do, i.e. be 

useful to a wide range of customers and have 

impact, such as identify new leads or provide 

previously unknown information. The 

discontinued measure will be replaced by the

percentage of customers finding FinCEN’s 

analytic products and advanced research 

positively affected investigations, operations, or 

understanding of threats to the financial system.
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Section III – Additional Information

A – Summary of Capital Investments

As the administrator of the BSA, FinCEN receives valuable information reported and collected 

under BSA requirements, which totaled approximately 18.5 million filings in FY 2016. To 

successfully fulfill its mission, FinCEN relies on secure, advanced IT to manage the collection, 

processing, storage, and dissemination of BSA information that contributes to the soundness 

and confidence in America’s financial system.

FinCEN’s IT strategy takes into account the growing need for financial institutions to meet 

obligations as efficiently as possible, while ensuring that FinCEN and law enforcement agencies 

receive accurate, timely, and reliable BSA information to track money trails, identify money 

laundering, and unravel terrorist financing networks. FinCEN’s IT strategy focuses on the 

critical need to improve the quality and accessibility of its data and increase responsiveness to 

stakeholders by maintaining and building upon flexible and innovative technical solutions. The 

BSA IT Modernization investment entire lifecycle cost, which includes the year the investment 

started (2010) through BY+4 (2021), is $332 million (including FTE) and the FY 2018 cost is 

$27.58 million (including FTE).

A summary of capital investment resources, including major information technology and nontechnology investments, can be viewed/downloaded at: http://www.treasury.gov/about/budgetperformance/pages/summary-of-capital-investments.aspx.

This website also contains a digital copy of this document.