Financial Crimes Enforcement Network

Program Summary by Budget Activity

Dollars in thousands

 FY 2014 FY 2015 FY 2016 FY 2015 TO FY 2016

Budget Activity Enacted Enacted Request $ Change % Change

BSA Administration and Analysis $112,000 $112,000 $112,979 $979 0.87%

Subtotal, Financial Crimes Enforcement 

Network $112,000 $112,000 $112,979 $979 0.87%

Offsetting Collections - Reimbursables $2,000 $3,000 $3,000 $0 0.00%

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

Unobligated Balances from Prior Years $41,000 $50,000 $50,000 $0 0.00%

Total Program Operating Level $155,500 $165,500 $166,479 $979 0.59%

Direct FTE 345 345 343 (2) -0.58%

Reimbursable FTE 1 1 1 0 0.00%

Total FTE 346 346 344 (2) -0.58%

Summary

The mission of the Financial Crimes 

Enforcement Network (FinCEN) 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.

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 more than 

130 partner countries; receiving millions of 

new financial reports each year and 

maintaining a database of over 170 million 

reports; analyzing and disseminating financial 

intelligence to federal, state, and local law 

enforcement, federal and state regulators, 

foreign FIUs, and industry; and bringing 

together the disparate interests of law 

enforcement, FIU, regulatory partners, and 

industry.

To meet its priorities in FY 2015 and FY 2016, 

FinCEN will:

• Adopt strong anti-money laundering and 

counterterrorism financing (AML/CFT)

regulatory safeguards;

1

• Implement and enforce AML/CFT 

regulatory authorities and employ targeted 

financial measures against priority threats;

• Use research, analysis, and advanced 

analytics to identify and explain priority 

threats to the financial system;

• Implement and manage programs to 

effectively network, coordinate, and share 

financial intelligence between FinCEN 

and its domestic and foreign partners in 

government and private industry1

; and

• Develop and support effective technology

systems to collect and analyze financial 

intelligence from private industry and 

share it with domestic and foreign 

government partners.

 1 Directly supports the Strategic Objective Annual 

Review (SOAR) next steps.
FinCEN FY 2016 Budget Highlights

Dollars in Thousands

Financial Crimes Enforcement Network FTE Amount

FY 2015 Enacted 345 $112,000

Changes to Base:

Maintaining Current Levels (MCLs): - $1,896

Pay-Raise - $521

Pay Annualization - $133

FERS Contribution Increase - $191

Non-Pay - $1,051

Efficiency Savings: - ($726)

Efficiency Savings - ($726)

Subtotal Changes to Base - $1,170

Total FY 2016 Base 345 $113,170

Program Changes:

Program Decreases: (2) ($191)

Administrative Staffing Reduction (2) ($191)

Program Increases: - -

Total FY 2016 Request 343 $112,979

FY 2016 Budget Adjustments

Adjustments to Request

Maintaining Current Levels (MCLs) 

Pay-Raise +$521,000 / +0 FTE

Funds are requested for the proposed January 

2016 pay-raise.

Pay Annualization +$133,000 / +0 FTE

Funds are requested for annualization of the 

January 2015 pay-raise.

FERS Contribution Increase +$191,000 / 

+0 FTE

Funds are requested for increases in agency 

contributions to the Federal Employee 

Retirement System based on updated actuarial

estimates.

Non-Pay +$1,051,000 / +0 FTE

Funds are requested for inflation adjustments 

in non-labor expenses such as GSA rent 

adjustments, postage, supplies, and equipment.

Efficiency Savings

Efficiency Savings -$726,000 / +0 FTE

These efficiencies are a result of reductions in 

travel, printing, and savings realized through 

re-evaluated or negotiated contracts.

Program Decreases

Administrative Staffing Reduction -$191,000 

/ -2 FTE

FinCEN will redistribute the workload of two 

administrative positions lost through attrition.

Explanation of Budget Activities

BSA Administration and Analysis 

($112,979,000 from direct appropriations, 

$3,000,000 from reimbursable resources)

The programs funded by this budget activity 

support Treasury Strategic Goal 4: “Safeguard 

the financial system and use financial 

measures to counter national security threats.”

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 FIUs, and industry; and 

serve as the U.S. FIU and maintaining network 

of information sharing with FIUs in partner 

countries. The goal owner for this budget 

activity is the Director of FinCEN.

Legislative Proposals

FinCEN has no legislative proposals
FinCEN Performance by Budget Activity

Budget Activity Performance Measure FY 2012 FY 2013 FY 2014 FY 2015 FY 2016

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

90.0 80.0 81.0 82.0 83.0

BSA Administration and Analysis Percentage of Stakeholders Finding 

FinCEN’s Information Sharing Has 

Contributed to Their Organization’s 

Responsibilities

N/A N/A 89.0 89.0 90.0

BSA Administration and Analysis Percentage of Users Satisfied with 

FinCEN Information Sharing 

Systems

N/A N/A 78.0 78.0 80.0

Description of Performance

To support the Treasury and FinCEN Strategic 

Objectives to adopt strong AML/CFT 

regulatory safeguards, FinCEN tracked 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. The survey looked at the value of 

FinCEN data, such as whether the data 

provided unknown information, supplemented 

or expanded known information, verified 

information, helped identify new leads, opened 

a new investigation or examination, supported 

an existing investigation or examination, or

provided information for an investigative or 

examination report. In FY 2014, 81 percent of 

users found the financial intelligence useful. 

FinCEN did not meet the target of 84 percent. 

To meet future targets FinCEN will put greater 

emphasis on both in-person and on-line 

training that will better assist users in 

understanding and utilizing the FinCEN Query 

tool for their unique cases and situations.

To support the Treasury and FinCEN Strategic 

Objectives 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, FinCEN 

measured the percentage of stakeholders 

finding FinCEN’s information sharing has 

contributed to their organization’s 

responsibilities. This measure examined the 

survey responses of customers who have had 

contact with FinCEN to exchange information, 

including industry, regulators, and law 

enforcement, both domestic and foreign. This 

is a meaningful measure as it tracks FinCEN’s 

efforts to share financial intelligence. FinCEN 

baselined the results of this measure in 

FY 2014 with 89 percent finding information 

sharing valuable. FinCEN attributes this 

performance to high levels of satisfaction of 

domestic customers with the 314(a) program 

and responses received from regulatory Help 

Line calls.

To support the Treasury and the FinCEN 

Strategic Objectives 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, FinCEN tracked the 

percentage of users satisfied with FinCEN 

information sharing systems. This measure is 
meaningful because the technology allows 

authorized persons to more readily access BSA 

information and better enable them to conduct 

investigations more efficiently and 

effectively. In FY 2014 the baseline score was 

78 percent of users were satisfied with 

FinCEN’s information sharing 

systems. FinCEN attributes this performance 

to high levels of satisfaction with the Egmont 

Secure Web (ESW) that shares information 

with foreign FIUs and the E-Filing system 

used to submit financial reports.