Department of the Treasury – Budget in Brief

Financial Crimes Enforcement Network 

Program Summary by Budget Activity

Dollars in Thousands

FY 2016 FY 2017 FY 2018 FY 2017 TO FY 2018

Budget Activity Enacted Annualized CR Request $ Change % Change

BSA Administration and Analysis $112,979 $112,764 $112,764 $0 0.00%

Subtotal, FINCEN $112,979 $112,764 $112,764 $0 0%

Offsetting Collections - Reimbursables $3,000 $3,000 $3,000 $0 0.00%

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

Total Program Operating Level $116,500 $116,264 $116,264 $0 0.00%

Direct FTE 278 338 332 (6) -1.78%

Reimbursable FTE 1 1 1 0 0.00%

Total FTE 279 339 333 (6) -1.77%

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.

Summary

FinCEN is a bureau in the U.S. Department of

the Treasury. The Director of FinCEN reports

to the Under Secretary for Terrorism and 

Financial Intelligence. FinCEN’s mission is to 

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.

FinCEN FY 2018 Budget Highlights

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.

FY 2018 Budget Adjustments

Adjustments to Request

Maintaining Current Level (MCLs)

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

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

These efficiencies are a result of reductions in 

printing and savings realized through re-evaluated 

or negotiated contracts.

Program Decreases 

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.
Department of the Treasury – Budget in Brief

Explanation of Budget Activities

BSA Administration and Analysis

($112,764,000 from direct appropriations, 

$3,000,000 from reimbursable resources)

This activity comprises FinCEN’s efforts to 

develop and issue regulations under the Bank 

Secrecy Act (BSA); enforce compliance with 

the BSA in partnership with regulatory 

partners and as the sole BSA regulator across 

numerous industries; receive BSA reports and 

maintain a database; analyze and disseminate 

financial intelligence to federal, state, and 

local law enforcement, federal and state 

regulators, foreign financial intelligence units 

(FIU), and industry; and serve as the U.S. FIU 

and maintain a network of information sharing 

with FIUs in partner countries. 

Legislative Proposals

FinCEN has no legislative proposals.

FinCEN Performance Highlights

FY 2014 FY 2015 FY 2016 FY 2017 FY 2018

FY 2014 –

FY 2016

Budget Activity Performance Measures Actual Actual Actual Target Target Trend

BSA 

Administration 

and Analysis

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

81.0 83.0 84.0 85.0 86.0

BSA 

Administration 

and Analysis

Percentage of Users Satisfied 

with FinCEN Information 

Sharing Systems

78.0 80.0 83.0 84.0 84.0

Key: DISC - Discontinued, B - Baseline

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 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 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 
Department of the Treasury – Budget in Brief

systems. FinCEN strives to provide systems 

with fast response times. FinCEN also 

continues to receive positive feedback on the 

usefulness of the data, and for knowledgeable 

and courteous user support. In FY 2017 and 

FY 2018 targets are set at 84.