FinCEN Releases Annual Report
The Financial Crimes Enforcement Network is now reaching out to credit unions. That's one of the messages in FinCEN's just-released 2010 annual report.
The Treasury Department unit is in charge of administering the Bank Secrecy Act and financial intelligence gathering activities, including anti-money laundering. Its jurisdiction comprises more than 100,000 banks, credit unions, money services businesses, securities brokers, casinos, mutual funds, precious metal dealers and so on.