Department of the Treasury

Financial Crimes Enforcement Network

FY 2021 Capital Investment Plan
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Table of Contents

Major IT Investments ....................................................................................................... 3

BSA IT Modernization ................................................................................................................ 3
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Note to Reviewers 

The Office of Management and Budget (OMB) Capital Planning Guidance changed how certain IT 

Investments are categorized. The Agency IT portfolio summary consists of Part 1: IT Investments for 

Mission Delivery; Part 2: IT investment for Administrative Services and Support Systems, and Part 3: IT 

Investments for IT infrastructure, IT Security, and IT Management (so called “standard investments”). 

The guidance no longer requires Part 3 investments to be reported as major or non-major investments. 

However, the Department of the Treasury’s Capital Investment Plan will continue to report these 

investments. Consistent with the corresponding Summary of Capital Investments table, the columns 

included in the investment tables below are defined as: 

• FY 2019: Actual obligations of budgetary resources, which may include annual funding, prior 

year balances, user fees, and other sources; 

• FY 2020: Estimated obligations based on the enacted funding level for FY 2020 as reflected in 

the FY 2021 President’s Budget. Figures may include annual funding, prior year balances, user 

fees, and other sources; and 

• FY 2021: Estimated obligations based on the funding requested in the FY 2021 President’s 

Budget. Figures may include annual funding, prior year balances, user fees, and other sources. 

The amount of new budget authority requested for a given investment can be found in the 

accompanying “Summary of Capital Investments” table (see “FY 2021 Budget Authority 

Request” column). 

Additional information about Treasury’s IT capital investments is available at the link below:

https://itdashboard.gov/drupal/summary/015

Major IT Investments

BSA IT Modernization

Description:

The Financial Crimes Enforcement Network’s (FinCEN's) BSA IT Modernization 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 F Y2019 FY2020 FY2021 Change 

in $

% 

Change

Sub -Total DME Obligations (Including 

Internal labor (Govt. FTE)) 2.64 1.00 1.00 0.00 0.00%

Sub -Total O&M Obligations (Including 

Internal Labor (Govt. FTE)) 26.66 24.91 24.91 0.00 0.00%

Total Obligations 29.29 25.91 25.91 0.00 0.00%
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Purpose, Accomplishments, Future Objectives:

FinCEN's 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. 

The BSA IT Mod Program was initiated in FY 2010 as a 10-year investment. The first four years were 

dedicated to DME, with O&M in subsequent years to support this key mission need. No new initiatives 

are planned to replace BSA IT MOD and the business case is expected to continue for an additional 5-

10 years. Prior to the four-year development effort that was completed in FY 2014, FinCEN faced the 

challenge of enabling easier compliance and streamlining BSA information capture for its financial 

community stakeholders, while maximizing the value and impact of BSA information for its 

regulators, law enforcement, and intelligence community stakeholders. This investment addressed 

these challenges by providing a comprehensive technical architecture and an enterprise-wide 

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. In addition, the BSA IT Modernization investment 

enables easier compliance and streamlines BSA information capture for FinCEN's financial community 

through its enhancement of electronic filing systems, standardization of financial data with existing 

standards, and more timely and useful feedback on BSA information filings and the use of BSA 

information.

In FY 2019, FinCEN continued supporting the operations and maintenance of the BSA IT 

Modernization investment with ongoing maintenance releases to address any defects and minor 

requests for change and enhancements. In addition, FinCEN initiated several development efforts to 

continue to enhance electronic filing and search and analytical capabilities, which will finish in FY

2020. Based on internal funding allocations for FY 2020 and FY 2021, FinCEN will focus more 

directly on operations and maintenance activities and will address any minor requests for change as 

funds are available.