Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

FinCEN FY2009 annual report is available
WASHINGTON (12/18/09)—The Financial Crimes Enforcement Network (FinCEN) has released its annual report for fiscal year 2009--complete with what the agency sees as its accomplishments, as well as its continuing goals. Within its 77 pages, is a subhead reading “BSA Data
Click to view larger image Click for larger view
Security.” This section reiterates the agency’s commitment to safeguarding the data collected under provisions of the Bank Secrecy Act (BSA) and a pledge to continue to review procedures to enhance security. The agency said increased awareness of the value of BSA information to detect financial crimes or oversee BSA compliance has resulted in more requests for access. As the fiscal year closed, the report said, FinCEN had more than 300 memoranda of understanding with external client agencies. In order to safeguard BSA data, FinCEN said it conducts onsite inspections at each agency to assess the proper and efficient use and security of BSA information, legitimate and documented purposes for utilization and re-dissemination, and appropriate retention and destruction procedures. Click below to take a look at the full report.
Other Resources

RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions
11 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version:
12 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now:
12 hours ago
African financial inclusion possible with mobile money: @IMFNews study
13 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids
14 hours ago