Department of the Treasury – Budget in Brief 

Financial Crimes Enforcement Network

Program Summary by Budget Activity 

Dollars in Thousands 

 FY 2017 FY 2018 FY 2019 FY 2018 TO FY 2019 

Budget Activity Enacted

1/ 

Annualized 

CR 2/ Request $ Change % Change 

BSA Administration and Analysis $115,003 $114,222 $117,800 $3,578 3.13% 

Subtotal, FinCEN $115,003 $114,222 $117,800 $3,578 3.13% 

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

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

Total Program Operating Level $3,500 $3,500 $3,500 $0 0.00% 

Direct FTE 274 304 332 28 9.21% 

Reimbursable FTE 1 1 1 0 0.00% 

Total FTE 275 305 333 28 9.18% 

1/ FY 2017 shows actual FTE usage. This column reflects levels appropriated in H.R. 255, the Consolidated Appropriations Act 

of 2017. For further details on the execution of these resources, see the 2019 Budget Appendix chapter for the Department of 

the Treasury. 

2/ FY 2018 shows the anticipated FTE usage. 

Summary 

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. The 

FY 2019 President’s Budget requests 

additional resources of $3,578,000 to maintain 

current levels, enhance FinCEN’s national 

security capacity and to begin the development 

of a non-bank financial institutions (NBFI) 

risk assessment profile by targeting 

compliance toward the highest risk. FinCEN 

supports the Department of the Treasury’s 

Strategic Goal 3 (Enhance National Security) 

and Goal 5 (Achieve Operational Excellence). 

FinCEN FY 2019 Budget Highlights 

Dollars in Thousands 

FinCEN FTE Amount 

FY 2018 Annualized CR 304 $114,222 

Changes to Base: 

Maintaining Current Levels (MCLs): 0 $1,421 

Pay Annualization 0 $260 

Non-Pay 0 $1,161 

Subtotal Changes to Base 0 $1,421 

Total FY 2019 Base 304 $115,643 

Program Changes: 

Annualization of FY 2018 Hiring 28 $0 

Program Decreases 0 ($1,161) 

Programmatic Contract 

Reductions 0 ($1,161) 

Program Increases: 0 $3,318 

Enhance National Security 

Capacity 0 $2,118 

Develop NBFI Risk Assessment 

Profile 0 $1,200 

Total FY 2019 Request 332 $117,800 
Department of the Treasury – Budget in Brief 

FY 2019 Budget Adjustments 

Adjustments to Request 

Maintaining Current Level (MCLs) 

Pay Annualization +$260,000 / +0 FTE 

Funds are requested for annualization of the 

January 2018 pay-raise. 

Non-Pay +$1,161,000 / +0 FTE 

Funds are requested for non-labor expenses 

such as travel, contracts, rent, supplies, and 

equipment. 

Program Changes 

Annualization of FY 2018 Hiring +$0 / 

+28 FTE 

This adjustment is required to reflect the 

positive results of FinCEN’s hiring surge 

through September 2019, which is expected to 

right size the workforce to the funded FTE 

level. 

Program Decreases 

Programmatic Contract and Equipment 

Reductions -$1,161,000 / -0 FTE 

This reduction will be taken through 

evaluation of increases or changes in proposed 

acquisitions of contractual services and 

equipment. FinCEN will evaluate contracts 

during the renewal process to absorb this 

reduction. 

Program Increases 

Enhance National Security Capacity 

+$2,118,000 / +0 FTE 

These funds are necessary to sustain FinCEN’s 

increased contractor resources needed to 

adequately support Treasury’s TFI priorities. 

FinCEN is increasingly called upon to identify 

sources of revenue for illicit actors and their 

attempts to access and exploit the international 

financial system. These requests stem from 

the growing threats from rogue nations 

including the Democratic People’s Republic of 

North Korea (DPRK) and continued efforts to 

combat international organized crime, 

terrorism, narcotics, and cybercrime. These 

additional funds will support these activities 

and the growing analysis of and demand for 

FinCEN’s Bank Secrecy Act (BSA) data to 

assist in combating the emerging threats to the 

financial system. In the area of enforcement, 

additional funding will help FinCEN keep 

pace with its increasing national security 

workload through the use of its unique 

regulatory authorities. In the area of 

intelligence, funding will help FinCEN 

continue to support Treasury’s broader 

national security efforts by identifying funding 

streams for illicit actors, including terrorists 

and terrorist financiers. Funding will also 

enhance the abilities of its cyber team to 

bridge financial and cyber investigations, 

finding previously undiscovered information 

and connecting cases that often appear 

unrelated. 

Develop Non-Bank Financial Institutions 

Risk Assessment Model +$1,200,000 / 

+0 FTE 

This funding will allow FinCEN to begin 

development of a NBFI Risk Assessment 

Model that will ultimately improve FinCEN’s 

ability to identify, detect, and examine the 

highest risk NBFIs and foster enhanced BSA 

compliance within the NBFI financial services 

sectors. NBFIs have the potential to create 

significant vulnerabilities for the financial 

system that can be exploited by money 

launders, terrorist financiers, and other 

criminal actors. These sectors encompass 

approximately 320,000 financial institutions 

and over $13 trillion in financial services. 

This initiative will begin a process to identify 

the NBFI population and develop their 

associated risk profiles that will be assigned to 

these NBFI entities as well as assigning risk 

assessments across the entire population. 

Explanation of Budget Activities 

BSA Administration and Analysis 

$117,800,000 from direct appropriations, 

$3,000,000 from reimbursable 

This activity comprises FinCEN’s efforts to 

develop and issue regulations under the BSA; 

enforce compliance with the BSA in 
Department of the Treasury – Budget in Brief 

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 2015 FY 2016 FY 2017 FY 2018 FY 2019

Budget Activity Performance Measures Actual Actual Actual Target Target

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 86.0 86.0 86.0

BSA 

Administration and 

Analysis

Percentage of Users Satisfied with 

FinCEN Information Sharing 

Systems

78.0 80.0 87.0 84.0 84.0

Description of Performance 

FinCEN conducts annual surveys of the BSA 

data base and information sharing system 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 

Treasury Strategic Objective 3.2: Anti-money 

Laundering/Combating Financing of 

Terrorism (AML/CFT) Framework —identify 

and reduce vulnerabilities in the U.S. and 

international financial system to prevent abuse 

by illicit actors. In FY 2017, 86 percent of 

users found the intelligence valuable, 

surpassing the FY 2017 target of 85 percent. 

FinCEN will continue to emphasize continued 

training efforts to external users to improve 

understanding and utilization of the FinCEN 

Query tool for the bureau’s unique cases and 

situations. In FY 2018 and FY 2019 the target 

is set at 86 percent. 

FinCEN also tracks the percentage of users 

satisfied with FinCEN’s information sharing 
Department of the Treasury – Budget in Brief 

systems. This measure supports the Treasury 

Strategic Objective 3.2: AML/CFT 

Framework — identify and reduce 

vulnerabilities in the U.S. and international 

financial system to prevent abuse by illicit 

actors. In FY 2017, FinCEN exceeded its 

target of 84 percent with 87 percent of users 

satisfied with information sharing systems. 

FinCEN attributes this performance to the 

usefulness of the data it provides; users’ 

increased familiarity with systems, which are 

in a steady operational state; its knowledgeable 

and courteous user support staff, who continue 

to improve same day, help line closure rates; 

and its high system availability rate. FinCEN 

will continue to prioritize enhancement 

requests, monitor the help line request to 

address any issues or request surges, and 

continue to support infrastructure activities 

that improve overall system performance and 

availability. These changes may initially 

cause challenges that could impact 

performance measures during transition; in 

FY 2018 and FY 2019 the targets for FinCEN 

systems remain at 84 percent.