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Department of the Treasury

Financial Crimes Enforcement 

Network (FinCEN)

FY 2023

Capital Investment Plan
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Major IT Investments ........................................................................................................ 3

Beneficial Ownership Secure Systems (BOSS) .......................................................................... 3

BSA Mission Systems Support ................................................................................................... 4
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Note to Reviewers: Consistent with the corresponding Summary of Capital Investments table, the 

columns included in the investment tables below are defined as: 

• FY 2021 Actuals -Total actual obligations 

• FY 2022 Estimated Obligations – Anticipated obligation from all budgetary resources (i.e., 

balances from prior years, user fees, and FY 2022 CR levels). 

• FY 2023 President’s Budget – Requested level reflecting the President’s FY 2023 budget 

submission

Major IT Investments

Beneficial Ownership Secure Systems (BOSS)

Description:

FinCEN's Beneficial Ownership Secure System investment supports is a critical part of Treasury’s 

priority effort to implement the Corporate Transparency Act (CTA) provisions within the Anti-Money 

Laundering Act (AMLA) of 2020. As a result of this investment, FinCEN will be able to collect, store, 

secure, provide access to and maintain the beneficial ownership information. The CTA contains new 

requirements that certain corporations, limited liability companies and similar entities that disclose 

information on their beneficial owners to FinCEN. In turn, FinCEN will manage disclosures of this 

information to authorized entities.

Investment Obligations: (In Millions of $):

T y p e F Y 2 0 2 1 

A c t u a ls

F Y 2 0 2 2 

E s t i m a t e d 

O b l i g a t i o n s

F Y 2 0 2 3 

P r e s i d e n t ' s 

B u d g e t

$ C h a n g e % C h a n g e

S u b -T o t a l D M E O b l i g a t i o n s ( I n c l u d i n g 

I n t e r n a l l a b o r ( G o v t . F T E ) ) 4 . 3 2 2 3 . 5 9 6 . 2 5 - 1 7 . 3 4 - 7 3 . 5 0 %

S u b -T o t a l O & M O b l i g a t i o n s ( I n c l u d i n g 

I n t e r n a l L a b o r ( G o v t . F T E ) ) 0 . 0 0 0 . 0 0 1 7 . 0 3 1 7 . 0 3 0 . 0 0 %

T o t a l O b l i g a t i o n s 4 . 3 2 2 3 . 5 9 2 3 . 2 8 - 0 . 3 1 - 1 . 3 2 %

Purpose, Accomplishments, Future Objectives:

This investment will deploy a series of new capabilities to FinCEN's technical environment. These 

capabilities will expand the information available to FinCEN for the purposes of analysis of illicit 

financial activities for other Federal agencies engaged in national security, intelligence, or law 

enforcement activity; for Federal regulators engaged in supervision and compliance; and state, local, 

and Tribal organizations authorized by the court to seek the information. It was Congress’ intent that 

this information will enhance efforts to protect national security interests and counter money 

laundering efforts. The collection of beneficial ownership information will provide for the following 

benefits and objectives: setting a clear Federal standard for incorporation practices; protecting vital 

United States national security interests as well as interstate and foreign commerce; better enable 

critical national security, intelligence, and law enforcement efforts to counter money laundering, the 

financing of terrorism, and other illicit activity; and bringing the United States into compliance with 

international standards for anti-money laundering and countering the financing of terrorism. 
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FinCEN is currently in the planning phase, which began in FY 2021. FinCEN has completed a Solution 

Concept report, which at a high level, outlined the following: solution capabilities; solution conceptual 

architecture; acquisition, release, and solution implementation strategy; cost estimate, and critical 

project dependencies, risks, and mitigation strategies. In FY 2021, FinCEN also awarded a multi-year

blanket purchase agreement to a systems integrator, who will be responsible for supporting the delivery 

of the systems. In addition, the system integrator began detailed systems engineering and planning 

efforts in late FY 2021 and completed that effort in Q2 FY 2022. In FY 2022, FinCEN will begin the 

design and development of the system capabilities with the goal of completing incremental milestones 

throughout the life of the development/modernization/ enhancement (DME) portion of the investment. 

FinCEN will outline these milestone efforts as Projects in the business case.

BSA Mission Systems Support

Description:

FinCEN's Bank Secrecy Act (BSA) Missions Systems Support initiative is a Treasury effort to provide 

and maintain a modernized information technology foundation to securely collect, analyze, and share

BSA data.

Investment Obligations: (In Millions of $):

T y p e F Y 2 0 2 1 

A c t u a l

F Y 2 0 2 2 

E s t i m a t e d 

O b l i g a t i o n s

F Y 2 0 2 3 

P r e s i d e n t ' s 

B u d g e t

$ C h a n g e % C h a n g e

S u b -T o t a l D M E O b l i g a t i o n s ( I n c l u d i n g 

I n t e r n a l l a b o r ( G o v t . F T E ) ) 2 . 7 2 0 . 4 5 2 . 0 0 1 . 5 6 3 4 9 . 4 4 %

S u b -T o t a l O & M O b l i g a t i o n s ( I n c l u d i n g 

I n t e r n a l L a b o r ( G o v t . F T E ) ) 2 6 . 7 0 3 1 . 8 7 3 5 . 2 2 3 . 3 4 1 0 . 4 9 %

T o t a l O b l i g a t i o n s 2 9 . 4 2 3 2 . 3 2 3 7 . 2 2 4 . 9 0 1 5 . 1 6 %

Purpose, Accomplishments, Future Objectives:

FinCEN's BSA Mission Systems Support investment, which replaced the previous, 10-year BSA IT 

Modernization investment, represents the primary IT investment that directly supports FinCEN's 

mission. To fulfill its mission successfully, FinCEN relies on secure and advanced IT to manage the 

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

soundness of, and confidence in, America's financial system. This investment sustains and enhances 

FinCEN's comprehensive technical architecture and an enterprise-wide information management and

analysis framework that equips law enforcement and financial industry regulators with better decisionmaking abilities. This allows law enforcement and regulators to focus their limited resources on the 

areas of shifting illicit criminal activities and vulnerabilities affecting the soundness and stability of the 

U.S. financial system. 

The BSA Mission Systems Support investment enables easier compliance and streamlines BSA 

information capture for FinCEN's financial community through its electronic filing systems, 

standardization of financial data by incorporating existing industry standards, and providing more 

timely and useful feedback on BSA information and the use of BSA information. To date, FinCEN has 

primarily focused on support on sustainment of these critical activities, while reducing technical debt 
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and make minor enhancements to existing systems within the allotted budget. For FY2022, FinCEN 

has allocated $0.45M in DME to continue expansion of its enterprise analytics program. FinCEN will 

also transition to a DevSecOps model to ensure prioritized iterative releases of enhanced capabilities 

and support for special collections and evolving data and analytical/visualization support needs.

In FY 2021, FinCEN continued operations and maintenance of its technical infrastructure and 

completed several significant enhancement activities. In support of Treasury’s Cloud-First mandate, 

FinCEN deployed Microsoft Office 365 and obtained its Authority to Operate (ATO) for its Cloud 

environment to support its mission-essential applications. FinCEN also continued to expand its 

Enterprise Analytics Program by introducing new tools/capabilities. This includes a new tool to allow 

analysts the ability to search, filter, review, and visualize transactional data; Analytics Repository, a 

web-based version control, project/code sharing, and publishing platform; and an analytics 

environment to allow FinCEN analysts the ability to create and run notebooks, scripts, visualizations, 

and workflows on BSA reports and transactional data. Lastly, FinCEN continued testing of the new 

FinCEN Portal and FinCEN Query modernized technical platform and will transition the project to the 

new systems integrator in FY2022 for assessment and recommendations.

In FY 2022, FinCEN plans to begin the transition of its mission-essential applications to the new cloud 

environment, which will extend into FY 2023 and FY 2024. FinCEN will take the necessary steps to 

support Treasury’s guidance on adhering to the President’s May 2021 Cybersecurity Executive Order. 

FinCEN will also continue to build upon and improve its internal analytics capabilities, such as 

replacing its current Business Rules Program, which provides alerts based on specific rules to analysts.