Financial Crimes Enforcement Network

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Financial Crimes Enforcement Network

A network of agencies under the direction of the U.S. Department of the Treasury that monitors transactions and helps enforce financial laws, especially those against money laundering. FinCEN examines required filings by companies, and tracks and investigates irregularities. FinCEN operates both inside and outside the United States, and relies upon information from law enforcement, financial institutions, and regulators.
References in periodicals archive ?
A US court rejected a motion by Tanzanian FBME Bank against a 2015 measure taken by the Financial Crime Enforcement Network (FinCEN) barring the lender from engaging in transactions in the US financial system.
The central bank put FBME under administration in July 2014, after the Financial Crime Enforcement Network (FinCEN), a division of the US Treasury, described the lender as "of primary money laundering concern".
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