RegAlert2025-06-18 | PDF OnlyAdded · Updated
FinCEN Year in Review FY 2024
The document presents statistical data on the use of Bank Secrecy Act reporting by law enforcement agencies, including the IRS-CI, FBI, and HSI, detailing metrics such as SAR and CTR counts, investigation links, arrests, and seizures. It outlines the volume of BSA filings received from approximately 324,000 institutions, the operation of Section 314 information sharing programs, and the provision of analytical reports and training to authorized users. The review also lists published financial trend analyses and advisories, public-private partnership activities, and special measures imposed under Section 311 and Section 9714, including a final rule against Al-Huda Bank and a proposed rule on virtual currency mixing. Additionally, it records the issuance of $3.4 billion in civil money penalties, primarily against Binance Holdings Ltd., and notes the evaluation of 127 new whistleblower tips.
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Bank Secrecy Act (BSA) Data Advances Law Enforcement Missions1 Financial intelligence generated by BSA reporting is a critical source of information used in investigations and prosecutions of financial crimes, money laundering predicate offenses, and other illegal activities. FinCEN’s law enforcement partners report extensive use of BSA information to generate new leads and advance existing investigations. Internal Revenue Service – Criminal Investigation (IRS-CI) IRS-CI identifies BSA data as a critical element of its complex cases and the vast majority of these cases are searched against BSA data. IRS-CI cited the following statistics:
Federal Bureau of Investigation (FBI)
The FBI leverages Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in a significant percentage of major cases across priority crime areas. FBI case program FBI subjects with SARs in FY24 SAR count in FY24 FBI subjects with CTRs in FY24 CTR count in FY24 Percentage of active FBI investigations linked to SARs/CTRs Complex Financial Crime Program 5,715 11,660 2,243 11,268 32% International Terrorism Program 409 772 214 947 16.2% Organized Crime Drug Enforcement Program 2,838 4,690 1,782 6,566 40% Public Corruption Program 1,089 2,031 665 2,555 24.7% Transnational Organized Crime Program 1,844 3,652 1,145 6,740 20.8% Homeland Security Investigations (HSI) In FY24, HSI personnel conducted approximately 290,000 queries related to BSA reporting. Financial analysis of BSA reporting benefited the vast majority of the following in FY24:
Programmatic areas considered primarily financial in nature: Across all programmatic areas:
3,500+ new investigations 27,000+ new criminal investigations 2,200+ criminal arrests $1.2 billion seized 800+ convictions 29,000+ arrests 9,000+ convictions 1 All statistics in this infographic are approximate.
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Source: Financial Crimes Enforcement Network — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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