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ANTI-MONEY LAUNDERING/TERRORIST FINANCING: Audit of FinCEN's Management of BSA Data - Suppression Report

Submitting OIG: 
Department of the Treasury OIG
Date Issued: 
Thursday, August 31, 2023
Agency Reviewed / Investigated: 
Department of the Treasury
Submitting OIG-Specific Report Number: 
OIG-23-030
Component, if applicable: 
Financial Crimes Enforcement Network
Location(s): 
Agency-Wide
Type of Report: 
Audit
Questioned Costs: 
$0
Funds for Better Use: 
$0
Number of Recommendations: 
6
Report updated under NDAA 5274: 
No
View Document: 
AttachmentSize
PDF icon OIG-23-030.pdf1.22 MB

Related Open Recommendations

Recommendation Number Recommendation Status Significant Recommendation Additional Details
2-1 Open Yes
Director of FinCEN: Require agencies that receive bulk data to remove suppressed records as a condition of their MOUs.
2-2 Open Yes
Publish and communicate guidance explaining how FinCEN will notify bulk data agencies of records to be suppressed within bulk data files and specifying the timelines for FinCEN and the agencies’ required actions regarding the suppression of the records.
Displaying 2 of 2 Recommendations