Department of the Treasury 

Financial Crimes Enforcement 

Network (FinCEN) 

FY 2024 

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

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

BSA Mission Systems Support .................................................................................................. 4 

 
Note to Reviewers: Consistent with the corresponding Summary of Capital 

Investments table, the columns included in the investment tables below are defined 

as: 

 FY 2022 Actuals - Total actual obligations 

 FY 2023 Estimated Obligations - Anticipated obligation from all budgetary 

resources (i.e., balances from prior years, user fees, and FY 2023 Operating 

Plan levels). 

 FY 2024 President's Budget – Requested level reflecting the President’s 

FY 2024 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 in a position to 

collect, store, secure, provide access to and maintain the information obtained from the CTA, which 

contains new requirements that require certain corporations, limited liability companies and similar 

entities to disclose information on their beneficial owners to FinCEN and for FinCEN in turn to 

manage appropriate disclosures of this information to authorized entities. 

Investment Obligations: (In Millions of $): 

Type FY 2022 

Actual 

FY2023 

Estimated 

Obligations 

FY2024 

President's 

Budget 

Change in 

$ % Change 

Sub-Total DME Obligations (Including 

Internal labor (Govt. FTE)) 2 5 . 3 2 3 7 . 3 4 0 . 0 0 - 3 7 . 3 4 - 1 0 0 . 0 0 % 

Sub-Total O&M Obligations (Including 

Internal Labor (Govt. FTE)) 0 . 0 0 0 . 0 0 2 6 . 8 5 2 6 . 8 5 0 . 0 0 % 

Total Obligations 25.32 37.34 26.85 -10.49 -28.10% 

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 courts 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. 

Stakeholders for this investment include FinCEN staff, Federal law enforcement, regulator, and 

national security agencies; state, local, and tribal entities, as well as financial institutions performing 

customer due diligence activities. All disclosure to these stakeholders will be subject to an authorized 

purpose and effective safeguards and controls. In FY2022, FinCEN completed the detailed planning 

and systems engineering phase of the Beneficial Ownership Secure Systems (BOSS) Program. FinCEN 

also began the design and development of the system capabilities with the goal of completing 

incremental milestones throughout the Development/Modernization/Enhancement phase of the 

program, which has been broken into two “Waves”. FinCEN aims to complete Wave 1, which will 

include Government Acceptance Testing (GAT), in mid-FY2023. FinCEN will also begin Wave 2 

development in mid-2023, while Wave 1 testing activities are being conducted. This scheduling 

overlap will allow FinCEN to stay on the aggressive schedule due to the urgency placed on the 

Program by the highest levels of Treasury. As FinCEN progresses through BOSS, it will continue to 

work closely with the Integrated Product Team, comprised of business representatives, to ensure 

coordination with the rule-making efforts. More information on the milestone activities may be found 

as Projects in the business case. For the Beneficial Ownership investment, the FY 2024 Estimated 

Obligations column in the 4.1 Table attachment breaks out $6.7 million of DME from the $26.85 

million O&M total shown in the FY 2024 President’s Budget column and requested in the FY 2024 

President’s Budget. 

BSA Mission Systems Support 

Description: 

FinCEN's BSA Missions Systems initiative is a Treasury effort to provide and maintain a modernized 

information technology foundation to collect, analyze, and share Bank Secrecy Act (BSA) data. 

Investment Obligations: (In Millions of $): 

Type FY 2022 

Actual 

FY2023 

Estimated 

Obligations 

FY2024 

President's 

Budget 

Change in 

$ % Change 

Sub-Total DME Obligations (Including 

Internal labor (Govt. FTE)) 0 . 2 0 0 . 0 0 0 . 0 0 0 . 0 0 0 . 0 0 % 

Sub-Total O&M Obligations (Including 

Internal Labor (Govt. FTE)) 3 3 . 3 5 3 5 . 7 3 3 6 . 3 6 0 . 6 3 1 . 7 6 % 

Total Obligations 33.54 35.73 36.36 0.63 1.76% 
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 safeguard the financial system from illicit use, combat money laundering and promote 

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

strategic use of financial authorities. To fulfill its mission successfully, FinCEN relies on secure, 

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 enterprisewide information management and analysis framework that equips law enforcement and financial 

industry regulators with better decision-making abilities and increased value of BSA information 

through enhanced data integrity and analytical tools. 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 BSA information. To date, FinCEN has 

primarily focused on sustainment of these critical activities, while reducing technical debt and make 

minor enhancements to existing systems within the allotted budget. For FY2023, FinCEN’s primary 

development effort will focus on the implementation of Beneficial Ownership IT systems, which is 

associated with the bureau’s other major investment. The development of these new systems is 

mandated by the Corporate Transparency Act (CTA) provisions within the Anti-Money Laundering 

Act (AMLA) of 2020 and targeted to be in production on January 1, 2024. As such, FinCEN does not 

have any significant enhancement efforts under the BSA MSS investment for FY2023. During this 

fiscal year and next, FinCEN will be focused on the transition of mission-essential applications to 

FinCEN's new FISMA-High Government Cloud environment, FinCloud. 

In FY2022, FinCEN continued operations and maintenance of its technical infrastructure and 

completed several significant activities. In support of Treasury's Cloud-First mandate, FinCEN 

established its FISMA High Government Cloud environment (FinCloud) and obtained the Authority to 

Operate (ATO) for FinCloud to support its mission-essential applications. FinCEN continued to build 

upon its Enterprise Analytics Program through the expanded use of its analytics environment, which 

allows FinCEN analysts the ability to create and run notebooks, scripts, and workflows on BSA reports 

and transaction data. FinCEN also completed a number of technology upgrades to include the upgrade 

of the DataStage application, which ingests and processes daily loads of Bank Secrecy Act data and 

pushes the data to all the user-facing applications. In addition, FinCEN completed an upgrade of the 

Oracle databases, which are critical to the operation of the FinCEN Portal and some analytics 

applications. During FY2022, FinCEN also built upon its pilot efforts completed in FY2021 by 

introducing additional capabilities into its new Microsoft Dynamics platform. For example, FinCEN 

introduced a new Policy Case Management System, which allows users the ability to coordinate 

approvals and manage documents, track e-mails as part of the case itself, search, visualize, and filter 

the various types of work, and provide ad-hoc dashboard and reporting. 

In FY2023, FinCEN will focus on the migration of mission-essential applications to the FinCloud 

environment, which will extend into FY2024. FinCEN will take the necessary steps to support 

Treasury's guidance on adhering to the President's May 2021 Cybersecurity Executive Order, such as 

the implementation of Treasury’s Zero Trust Architecture Z-Scaler pilot. FinCEN will complete the 

effort to replace its current Business Rules Program, which provides alerts based on specific rules to 

analysts, while also transitioning it to FinCloud. FinCEN will continue to expand the case management 

capabilities of Microsoft Dynamics to ultimately allow for the decommissioning of the Financial 
Intelligence Repository (FIR), which is the legacy work item management system built in legacy 

SharePoint under the BSA IT Modernization Program.