FinCEN released its Fiscal Year 2025 (FY25) Year in Review, detailing its initiatives, outcomes, and strategic priorities in safeguarding the U.S. financial system against illicit activity.
The report highlights FinCEN’s accomplishments, including:
- approximately $10 billion in cost savings resulting from de‑regulatory actions;
- 90% increase in value of BSA information to surveyed law enforcement, intelligence, and other partners;
- 596 events to engage and train key stakeholders on AML/CFT topics; and
- $991 million returned to victims of fraud through the Rapid Response Program since 2015.
This report provides helpful context on FinCEN’s current priorities and may be useful for banks in assessing their BSA/AML programs and ongoing risk management efforts. FinCEN’s Year in Review is available here.
CCI suggests sharing this update with your BSA/AML/CFT team. Please reach out to us at inquiries@completecompli.com if you have any questions.
Steve Doty, CRCM, CBP, CLP