Money Laundering, Terrorism & Financial Institutions
Published by Civic Research Institute,

News Releases

12 Aug 2003 FinCEN Draft of Strategic Plan
The Financial Crimes Network has posted a draft of its 2003-2008 Strategic Plan on its website, The plan summarizes FinCEN's objectives. The agency was appropriated $51.4 million in FY 2003, and has over 300 employees and contractors, but the report emphasizes that the FinCEN's reliance on the IRS "as the primary service provider for the collection, processing, and retrieval of BSA information," allows the agency to broaden its impact. At the moment, only 3% of BSA filings are submitted electronically, but FinCEN hopes to raise that figure to 50% by 2005. The Gateway process allows federal, state, and local law enforcement agencies and financial industry regulators to have direct access to BSA records through a secure web-based network. FinCEN anticipates expanding the Gateway user base from about 900 at present to more than 3,000 in 2005. Some of this will come merely from agencies going through the network rather than relying on FinCEN staff.

Comments or questions on FinCEN's Strategic Plan can be sent to: Deputy Chief Financial Officer, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, Virginia 22183, or emailed to

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