Financial Crimes Enforcement 

Network 

FY 2014 

President’s Budget 

 
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Table of Contents

Section 1 – Purpose ....................................................................................................................... 3

1A – Mission Statement .............................................................................................................. 3

1.1 – Appropriations Detail Table .............................................................................................. 3

1B – Vision, Priorities and Context ............................................................................................ 3

Section 2 – Budget Adjustments and Appropriation Language ............................................... 6

2.1 – Budget Adjustments Table ................................................................................................. 6

2A – Budget Increases and Decreases Description..................................................................... 6

2.2 – Operating Levels Table ...................................................................................................... 8

2B – Appropriations Language and Explanation of Changes ..................................................... 9

2C – Legislative Proposals.......................................................................................................... 9

Section 3 – Budget and Performance Plan ............................................................................... 11

3A – BSA Administration and Analysis ................................................................................... 11

3.1.1 – BSA Administration and Analysis Budget and Performance Plan ............................... 14

Section 4 – Supplemental Information ...................................................................................... 15

4A – Summary of Capital Investments ..................................................................................... 15
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Section 1 – Purpose

1A – Mission Statement

The mission of 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. 

1.1 – Appropriations Detail Table

Dollars in Thousands

Financial Crimes Enforcement Network FY 2012 FY 2013 FY 2014 Change % Change

Resources Enacted Annualized Request FY 2012 to FY 2014 FY 2012 to FY 2014

 CR Rate 

FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT

New Appropriated Resources:

BSA Administration and Analysis 327 110,788 345 111,466 340 103,909 13 (6,879) 3.98% (6.21%)

Subtotal New Appropriated Resources 327 $110,788 345 $111,466 340 $103,909 13 ($6,879) 3.98% (6.21%)

Other Resources:

Reimbursables 1 3,000 1 3,000 1 3,000 0 0 0.00% 0.00%

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

Unobligated Balances from Prior Years 0 31,000 0 31,000 0 31,000 0 0 0.00% 0.00%

Subtotal Other Resources 1 $34,500 1 $34,500 1 $34,500 0 $0 0.00% 0.00%

Total Budgetary Resources 328 $145,288 346 $145,966 341 $138,409 13 ($6,879) 3.96% (4.73%)

1B – Vision, Priorities and Context

The Financial Crimes Enforcement Network (FinCEN) is a bureau in the U.S. Department of 

Treasury. FinCEN directly supports the Department’s strategic goal to “protect our national 

security through targeted financial actions.” The Director of FinCEN reports to the Under 

Secretary for the Office of Terrorism and Financial Intelligence (TFI). FinCEN carries out its 

mission by exercising regulatory functions under the Bank Secrecy Act (BSA); targeting 

examination and enforcement efforts in high risk areas; receiving and maintaining financial 

transaction data; analyzing and disseminating that data for law enforcement purposes; and 

building global cooperation with counterpart organizations in other countries and with 

international bodies. FinCEN serves as the financial intelligence unit (FIU) of the United States, 

responsible for receiving, analyzing, and disseminating disclosures of financial information in 

order to combat money laundering and terrorism financing. 

FinCEN is uniquely positioned at the intersection of financial industry, regulators, law 

enforcement agencies, and global partners. FinCEN is able to network these different 

perspectives to bring comprehensive expertise to safeguard the financial system from illicit use 

and combat money laundering and promote national security. This unique position allows 

FinCEN to develop and support multiple partnerships that have a broad national and 

international impact. 

FinCEN’s accomplishments towards its FY 2012 priorities include: 
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• Enhanced proactive compliance efforts through collaboration with the Internal Revenue 

Service (IRS) and State regulatory agencies to increase concurrent compliance 

examinations, identification of State regulatory agencies on which FinCEN may be able to 

rely for certain non-bank financial institution examinations (focusing on money services 

businesses), and development of initial business rules that will leverage modernized 

analytical tools to identify areas of compliance risk; 

• Transitioned towards a paperless reporting environment in support of Treasury’s paperless 

initiative, through mandatory electronic filing of most FinCEN reports, release of new 

electronic versions of the Suspicious Activity Report, Currency Transaction 

Report, Registration of Money Services Business, and Designation of Exempted Persons; 

and consolidated the remaining processing functions from IRS to FinCEN operations and 

oversight; 

• Included the networking business requirements in the IT Modernization program to 

automate some of the notifications for the networking program. The enhancement of the 

networking processes should expedite networking notifications to agencies, as well as 

increase the number of agencies networked. The rules for networking will be implemented, 

tested and modified to insure optimal performance; 

• Designed and developed business rules for new proactive alerts to identify when new 

FinCEN data filings meet established rule based criteria. This capability will be part of IT 

Modernization and should result in increased awareness of relevant filings, and expedited 

detection of illicit activity documented through filings; 

• Disseminated proactive intelligence reports based on FinCEN reporting to a number of 

foreign FIUs on possible instances of public corruption. Several jurisdictions indicated that 

the reports provided information that would be investigated further. FinCEN is expanding 

its program of proactive disclosures to FIUs in FY 2012 to include terrorism and terrorist 

financing; 

• Completed the conversion of 11 years of FinCEN data and the transition of collection, 

processing, and storage from the legacy IRS system to the new FinCEN system of 

record; and 

• Deploying FinCEN’s new Portal and Query search tool to all external stakeholders and 

 transitioning FinCEN’s advanced analytical tool from the legacy technical platform to the 

 new, modernized technical platform. 

FY 2013 and FY 2014 Priorities 

FinCEN’s priorities are to: 

• Support the Presidential goal of encouraging economic growth by applying regulatory 

authorities to promote financial systems that are more transparent and resistant to financial 

crime;

• Advance enforcement efforts and targeted financial actions by better identifying targets and 

risks to identify illicit finance; 

• Enhance regulatory compliance and enforcement through increased partnership with State

regulatory agencies, strengthened relationships with law enforcement, and utilization of 

modernized technology to improve compliance risk targeting; 

• Support criminal investigations and prosecutions through financial expertise and advanced 
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analytical tools across large data sets;

• Engage with priority countries and international bodies to maintain global information 

exchange of financial intelligence in support of financial crime investigations; and 

• Efficiently manage the collection, processing, and retrieval of FinCEN data under the IT 

Modernization program. 

In order to achieve its priorities and continue to advance its strategic goals, FinCEN will improve 

its ability 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. 

To meet these priorities, FinCEN will: 

• Continue to enhance proactive compliance and enforcement through stronger coordination 

• between federal and state regulatory agencies on examinations, and increased interaction 

with law enforcement to target potential noncompliant institutions; 

• Continue to advance regulatory initiatives designed to further protect the U.S. financial

• system from abuse while balancing their impact on the financial industry. This would 

• include carefully considering public comment on and weighing changes to proposed rules as 

appropriate; 

• Continue law enforcement and private sector collaboration in the Southwest Border and in 

• other high threat areas for the purpose of developing and sharing real-time or actionable 

• intelligence on related money laundering patterns, trends, and methods; 

• Support law enforcement efforts to combat illicit activities through the fusion of investigative 

data with the FinCEN data to provide complex analytical products that advance 

investigations and prosecutions; 

• Implement the new IT capacity to create alerts on relevant BSA and other data from 

• regulated financial institutions for internal and external stakeholders; 

• Continue joint analytical projects with foreign FIUs, particularly in the areas of proactive and 

strategic analysis. Just as FinCEN receives financial intelligence from BSA reports, each 

FIU also receives similar reporting in their own country on financial activity. By working 

together, FinCEN and foreign FIUs can find connections in data streams relating to 

suspicious activity that otherwise would not be found; 

• Target examination efforts in high-risk areas based on an intelligence-driven approach; 

• Investigate and exercise the full range of FinCEN authorities to disrupt the illicit use of the 

financial system by priority targets; and

• Use effective and proportionate measures to enforce compliance with the BSA. 
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Section 2 – Budget Adjustments and Appropriation Language 

2.1 – Budget Adjustments Table

Dollars in Thousands

Financial Crimes Enforcement Network FTE Amount

FY 2012 Enacted 327 $110,788

FY 2013 Annualized CR Rate 345 $111,466

Changes to Base:

Adjustment to Request (5) ($6,124)

Non-Recur CR Increase - ($678)

Administrative staffing savings proposed in FY 2013 - ($1,501)

Program Staff Attrition (5) ($1,010)

Reduction to IT MOD Investment - ($1,800)

Reduction to Contractual Analytical Support - ($1,135)

Maintaining Current Levels (MCLs): - $1,306

Pay-Raise - $407

Non-Pay - $899

Efficiency Savings: - ($2,739)

Contract Efficiencies - ($534)

Administrative Efficiencies - ($1,280)

Eliminate Information Technology Legacy Systems - ($925)

Subtotal Changes to Base (5) ($7,557)

Total FY 2014 Base 340 $103,909

Program Changes:

Program Increases: - -

Total FY 2014 Request 340 $103,909

2A – Budget Increases and Decreases Description

Adjustment to Request ............................................................................... -$6,124,000 / -5 FTE

Non-Recur CR Increase -$678,000 / +0 FTE 

The across-the-board 0.612 percent increase provided in the CR through March 27, 2013 is nonrecurred. 

Administrative staffing savings proposed in FY 2013 -$1,501,000 / +0 FTE 

These staffing efficiencies were previously proposed in the FY 2013 President’s Budget and 

were achieved through absorption of workload associated with eight positions lost through 

attrition and using a cross service provider, where cost effective. 

Program Staff Attrition -$1,010,000 / -5 FTE 

This reduction will be taken across several FinCEN program areas. FinCEN will evaluate open 

positions for possible absorption of workload associated with positions lost through attrition. 

Reduction to IT MOD Investment -$1,800,000 / +0 FTE 

This reduction eliminates funding used in FY 2013 for BSA IT Modernization to expand the 

number of recurring rule-based ‘alert’ notifications. The BSA IT Modernization “Alerts” 

functionality provides the capability to proactively identify potential illicit activity for 

investigation. As new BSA filings are received, data is evaluated through statistical and rulebased models, allowing the system to automatically identify patterns and send alerts to analysts. 
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Reduction to Contractual Analytical Support -$1,135,000 / +0 FTE 

Taking into account the decrease in IT Modernization investment, this reduction eliminates 

funding used in FY 2013 to enhance FinCEN’s advanced analytical capabilities in conjunction 

with IT Modernization. Specifically, this decrease eliminates contract resources (computer 

specialists, econometrists, and statisticians) that assisted FinCEN analysts in developing new 

rule-based models to identify illicit activity. 

Maintaining Current Levels (MCLs) ...................................................... +$1,306,000 / +0 FTE

 

Pay-Raise +$407,000 / +0 FTE 

The President's Budget proposes a 1 percent pay-raise for federal employees in 2014. 

Non-Pay +$899,000 / +0 FTE 

Funds are requested for inflation adjustments in non-labor expenses such as GSA rent 

adjustments, postage, supplies and equipment, and health benefits. 

Efficiency Savings ...................................................................................... -$2,739,000 / +0 FTE

Contract Efficiencies -$534,000 / +0 FTE 

Savings are expected to result from continued re-evaluation of purchase orders for strategic 

sourcing opportunities and through continued efforts to negotiate more advantageous contract 

terms.

Administrative Efficiencies -$1,280,000 / +0 FTE 

FinCEN proposes additional reductions in FY 2014 in line with Executive Order 13589, 

"Promoting Efficient Spending." Specifically, FinCEN will achieve savings through a change in 

distribution methodology for various brochures and reports, and greater reliance on FinCEN’s 

public website for the distribution. FinCEN will also reduce the level of support on existing 

management support services contracts as BSA IT Modernization moves into the sustainment 

phase. 

Eliminate Information Technology Legacy Systems -$925,000 / +0 FTE 

This reduction eliminates funding of legacy systems replaced by BSA IT Modernization to 

include Secure Outreach system and Visual Links analytic tool. In 2013, FinCEN rolled out 

new capabilities for the BSA basic query system and new advanced analytics capabilities, 

allowing the elimination of this funding. 
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2.2 – Operating Levels Table 

Dollars in Thousands

Financial Crimes Enforcement Network FY 2012 FY 2013 FY 2014

 Annualized President's

Object Classification Actual CR Rate Budget

11.1 - Full-time permanent 33,757 40,045 39,640

11.3 - Other than full-time permanent 292 408 408

11.5 - Other personnel compensation 570 205 205

11.9 - Personnel Compensation (Total) 34,619 40,658 40,253

12.0 - Personnel benefits 9,721 11,466 11,357

Total Personnel and Compensation Benefits $44,340 $52,124 $51,610

21.0 - Travel and transportation of persons 723 845 832

23.1 - Rental payments to GSA 5,084 4,951 5,015

23.2 - Rental payments to others 38 900 901

23.3 - Communication, utilities, and misc charges 1,284 1,595 1,587

24.0 - Printing and reproduction 184 252 258

25.1 - Advisory and assistance services 2,415 1,875 1,097

25.2 - Other services 8,338 13,641 9,018

25.3 - Other purchases of goods & serv frm Govt accounts 12,072 7,565 7,577

25.4 - Operation and maintenance of facilities 0 740 740

25.6 - Medical care 160 160 162

25.7 - Operation and maintenance of equip 12,019 18,567 18,418

26.0 - Supplies and materials 391 305 306

31.0 - Equipment 23,157 7,946 6,388

Total Non-Personnel 65,844 59,342 52,299

Total Budgetary Resources $110,205 $111,466 $103,909

Budget Activities:

BSA Administration and Analysis 149,766 145,966 138,409

Total Budgetary Resources $149,766 $145,966 $138,409

FTE 301 346 341

1) This table includes all available resources, including annual and available multi-year appropriations, reimbursable 

resources, offsetting collections and user fees as shown in Table 1.1.

2) FY 2012 rent actuals were considerably lower than anticipated due to lower actuals for consumer price index and tax 

escalations. Rent estimates for FY 2013 have not been increased from the FY 2013 President’s Budget submission, but 

rather the FY 2012 actuals were lower than anticipated
2B – Appropriations Language and Explanation of Changes

Appropriations Language Explanation of 

Changes

DEPARTMENT OF THE TREASURY

FINANCIAL CRIMES ENFORCEMENT NETWORK

Federal Funds

SALARIES AND EXPENSES:

For necessary expenses of the Financial Crimes Enforcement 

Network, including hire of passenger motor vehicles; travel and 

training expenses of non-Federal and foreign government

personnel to attend meetings and training concerned with domestic 

and foreign financial intelligence activities, law enforcement, and 

financial regulation; not to exceed $14,000 for official reception 

and representation expenses; and for assistance to Federal law 

enforcement agencies, with or without reimbursement, 

$103,909,000, of which not to exceed $34,335,000 shall remain 

available until September 30, 2016: Provided, That funds 

appropriated in this account may be used to procure personal 

services contracts.

2C – Legislative Proposals 

FinCEN is proposing three technical amendments to Titles 31 and 12 that would make 

improvements in two important areas. The first and second amendments provide authority to 

rely on examinations conducted by state supervisory agencies for nonbank financial institutions 

lacking a federal regulator, which would capture most nonbank financial institutions currently 

subject to Internal Revenue Service (IRS) examination as delegated through a memorandum of 

understanding (MOU). The third amendment increases information sharing between FinCEN 

and counterpart anti-money laundering/counter-terrorist financing regulators. Specifically, this 

amendment provides consistency between how FinCEN shares information in its capacity as a 

regulator and information sharing that currently exists between federal financial regulators and 

their foreign counterparts. The specific changes to the amendment language are outlined below. 

Sec. 119. Section 5318(a)(1) of title 31, United States Code (relating to compliance, exemptions, 

and summons authority), is amended by - (1) Inserting after "appropriate" the following: 

"federal or (in the case of financial institutions without a federal supervisor) state"; and (2) 

Inserting after "Service;" the following: "In lieu of delegating such authority to a state 

supervisory agency, the Secretary is also authorized to rely on examinations conducted by a 

state supervisory agency of a category of financial institution. The Secretary may only rely on 

such state examinations if the Secretary determines that under the laws of the state, the category 

of financial institution is required to comply with this subchapter and regulations prescribed 

under this subchapter, or the state supervisory agency is authorized to ensure that the category 

of financial institution complies with this subchapter and regulations prescribed under this 
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subchapter." 

Sec. 120. Public Law 91-508, as amended (12 U.S.C. 1958 et seq.) is amended in section 128, by 

(1) Striking "sections 1730d (1) and" and inserting in lieu thereof "section"; (2) Striking "bank 

supervisory agency, or other"; (3) Inserting after "appropriate" the following: "federal or (in the 

case of financial institutions without a federal supervisor) state"; and (4) Inserting after 

"agency." the following: "In lieu of delegating such responsibility to a state supervisory agency, 

the Secretary is also authorized to rely on examinations conducted by a state supervisory agency 

of a category of financial institution. The Secretary may only rely on such state examinations if 

the Secretary determines that under the laws of the state, the category of financial institution is 

required to comply with this chapter and section 1829b (and regulations prescribed under this 

chapter and section 1829b), or the state supervisory agency is authorized to ensure that the 

category of financial institution complies with this chapter and section 1829b (and regulations 

prescribed under this chapter and section 1829b)." 

Sec. 121. Section 310(b)(2)(E) of title 31, United States Code (relating to the Financial Crimes 

Enforcement Network), is amended by inserting after "Federal" the first time that it appears, the 

following: "and foreign".
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Section 3 – Budget and Performance Plan

3A – BSA Administration and Analysis

($103,909,000 from direct appropriations, and $3,000,000 from reimbursable resources): 

The programs funded by this budget activity support the Treasury strategic goal to protect our 

national security through targeted financial actions. This activity comprises FinCEN’s efforts to 

administer the BSA, including promulgating regulations; providing outreach and issuing 

guidance to the regulated industries; providing oversight of BSA compliance; and managing the 

information reported by the regulated industries, as well as BSA compliance of non-bank 

financial institutions. 

Enforcement programs employ an intelligence-driven approach to target examination efforts in 

high-risk areas; proactively investigate and exercise the full range of FinCEN authorities to 

disrupt the illicit use of the financial system by priority targets; and use effective and 

proportionate measures to enforce compliance with the BSA. These measures may include 

compliance letters, civil money penalties, injunctive actions, and special measures. 

Analytical programs include support to U.S. law enforcement and international FIUs in 

combating financial fraud and crime by facilitating the exchange of investigative information; 

identifying foreign and domestic financial fraud, money laundering, and terrorist financing 

trends, patterns, and techniques; and liaison with and support of intelligence initiatives within the 

intelligence community and within Treasury. This activity also incorporates efforts to support 

large-scale, complex law enforcement investigations involving financial fraud, terrorist 

financing, money laundering, and other financial crimes. 

Global programs include support to international initiatives to educate other jurisdictions about 

the BSA regulatory regime; work to establish international anti-money laundering/ 

counterterrorist financing regulatory standards and norms; and efforts to improve the expertise 

and capabilities of personnel with anti-money laundering/counter-terrorist financing missions. 

As administrator of the BSA, FinCEN must ensure the effective management, accessibility, 

dissemination, and use of the highly sensitive confidential information collected under the Act. 

FinCEN provides authorized law enforcement, regulatory, and intelligence agencies direct access 

to BSA information. The goal owner for this budget activity is the Director of FinCEN, Jennifer 

Shasky Calvery. 

Description of Performance: 

In the regulatory area, FinCEN tracks the percentage of financial regulators finding information 

exchanged with FinCEN under memoranda of understanding (MOUs) valuable to improve BSA 

consistency and compliance. For this measure, FinCEN surveys its compliance MOU holders to 

determine the impact of the information exchange to improve the consistency and compliance of 

the financial system with FinCEN’s regulations implementing the BSA. In FY 2012, FinCEN 

surpassed its target of 88 percent with 93 percent. FinCEN was able to accomplish this 

performance by strengthening relationships with state regulatory agencies in a number of areas, 
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including support for concurrent examinations and initiating information sharing agreements 

with state insurance commissioners. In FY 2014, the target is 93 percent based on current 

resources and historical averages. To meet future targets, FinCEN must continue to effectively 

support regulatory partners. FinCEN has proposed legislative amendments to allow for reliance 

on examinations conducted by a state supervisory agency for categories of institutions not 

subject to a federal regulator. If implemented, this statutory amendment could expand FinCEN’s 

relationship with state regulatory agencies. 

FinCEN also measures the percentage of regulatory helpline customers understanding BSA 

guidance. This measure is linked to FinCEN’s goal to provide financial institutions with 

understandable guidance and success is critical to institutions establishing anti-money laundering 

programs that comply with FinCEN’s regulations. Easily understandable guidance will also 

contribute to protecting financial institutions and their customers from financial crime. In FY 

2012, FinCEN’s goal was to maintain a 90 percent satisfaction level, and FinCEN narrowly 

missed this target with 89 percent due to resource demands associated with a significant increase 

in call volume. Average monthly call volume has increased fivefold since the start of the fiscal 

year and additional volume will be added at the beginning of FY 2013 as further IRS support 

ends. In FY 2014, the target is 90 percent based on current resources and historical averages. 

Significant additions of staff beginning in early calendar year 2012, enhanced training programs 

for less experienced staff, and a reorganization to expand oversight and supervision of this 

functional area are part of FinCEN’s efforts to achieve future targeted performance levels. 

Factors potentially affecting FinCEN’s ability to achieve this goal include the planned 

centralization within FinCEN of all outreach and call center activities as well as operational 

functions relating to data quality currently performed by IRS; additional outreach support for 

new industries as a result of FinCEN’s ongoing regulatory and informational initiatives; 

increased call volume concerning the mandatory electronic filing of most FinCEN reports; and 

expected increases in inquiries associated with FinCEN initiatives involving IT modernization 

and increased communication to the money services business industry. 

In the analytical area, FinCEN supports domestic law enforcement and international FIU partners 

by providing analyses of BSA information. The percentage of domestic law enforcement finding 

FinCEN's analytic reports contribute to the detection and deterrence of financial crime is a 

survey measure. While results were down slightly in FY 2012, FinCEN still met its target of 80 

percent with 83 percent of domestic law enforcement finding the reports valuable. In reviewing 

the survey results, FinCEN noted that the decrease is attributable to scores related to its proactive 

analytical products. The FY 2014 target is 83 percent based on current resources. 

The second measure tracks the value of the analytic reports to foreign FIU customers. In FY 

2010, FinCEN set a baseline for this measure of 90 percent. In FY 2012, 82 percent of foreign 

FIU customers completing the survey found the analytic reports valuable. FinCEN did not meet 

the target of 90 percent due to a decrease in the number of FIU customers indicating that 

FinCEN provided new information relevant to their investigations. Because the survey indicated 

a strong preference for new lead information, FinCEN will continue to seek ways to meet this 

demand. The FY 2014 target is 87 percent. 
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To determine the success of the goal to provide useful data, FinCEN measures the percentage of 

customers finding the FinCEN data provides valuable information towards the detection and 

deterrence of financial crime. This measure tracks the value of the FinCEN information to law 

enforcement and regulatory agency users with direct access to the FinCEN data. This is a 

composite measure compiled from survey results. The survey looks 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, and provided information for 

an investigative or examination report. In FY 2012, FinCEN surpassed its target of 86 percent 

with 90 percent of customers finding the FinCEN data provides valuable information. FinCEN

was able to surpass this target through outreach and training that emphasizes the value of the data 

and provides concrete examples of utilization. The FY 2014 target is 90 percent based on 

current resources historical averages. The modernized technical environment aims to further 

enhance the performance of this measure by maximizing data integrity and providing more 

robust and flexible query tools. The new BSA technical foundation will provide additional data 

quality checks and validations and more feedback to the filing community to continue FinCEN’s 

goal of improving the quality of information. 

 
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3.1.1 – BSA Administration and Analysis Budget and Performance Plan 

Dollars in Thousands

BSA Administration and Analysis Budget Activity

Resource Level FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Enacted Enacted Enacted Enacted Enacted Enacted Annualized

CR Rate

Request

 Appropriated Resources $64,780 $68,606 $82,287 $93,494 $96,133 $110,788 $111,466 $103,909

 Reimbursable Resources $1,541 $1,541 $6,000 $20,000 $26,843 $3,000 $3,000 $3,000

Budget Activity Total $66,321 $70,147 $88,287 $113,494 $122,976 $113,788 $114,466 $106,909

Measure FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Actual Actual Actual Actual Actual Actual Target Target

Percentage of customers 

finding the FinCEN data 

provides valuable information 

towards the detection and 

deterrence of financial crime

N/A N/A N/A 87.0 89.0 90.0 90.0 90.0

Percentage of domestic law 

enforcement finding FinCEN's 

analytic reports contribute to 

the detection and deterrence of 

financial crime

N/A N/A N/A 80.0 86.0 83.0 83.0 83.0

Percentage of financial 

regulators finding information 

exchanged with FinCEN under 

MOUs valuable to improve 

BSA consistency and 

compliance

N/A 64.0 82.0 86.0 92.0 93.0 93.0 93.0

Percentage of foreign FIUs 

finding FinCEN's analytic 

reports provide valuable 

information towards the 

detection and deterrence of 

financial crime

N/A N/A N/A 90.0 92.0 82.0 85.0 87.0

Percentage of regulatory 

helpline customers 

understanding BSA guidance

91.0 94.0 94.0 92.0 92.0 89.0 90.0 90.0

Key: N/A - Not in Effect; DISC - Discontinued; B - Baseline
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Section 4 – Supplemental Information

4A – Summary of Capital Investments

As the administrator of the BSA, FinCEN receives valuable information reported and collected 

under BSA requirements, which totaled approximately 17.9 million filings in FY 2012. The 

bureau'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. FinCEN's mission supports 

Treasury's strategic goal to protect our national security through targeted financial actions. To 

successfully fulfill its mission, FinCEN relies on secure, advanced information technology (IT) 

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

contributes to the soundness and confidence in America's financial system.

FinCEN's IT strategy takes into account the growing need for financial institutions to meet 

obligations as efficiently as possible, while ensuring that FinCEN and law enforcement agencies 

receive accurate, timely, and reliable BSA information to track money trails, identify money 

laundering, and unravel terrorist financing networks. FinCEN's IT strategy focuses on the 

critical need to improve the quality and accessibility of its data and increase responsiveness to 

stakeholders by introducing flexible and innovative technical solutions. FinCEN officially 

launched the BSA IT Modernization four-year development Program when it began using 

investment funds in May 2010. The BSA IT Modernization application investment full life cycle 

cost (10 years) is $286.510 million (including FTE) and the FY 2014 costs are $23.89 million 

(including FTE). Steady state for this investment begins in 2014. 

A summary of capital investment resources, including major information technology and nontechnology investments is available.