TOIG - OIG-18-032 - 3-1 | Oversight.gov

The Director of the Financial Crimes Enforcement Network (FinCEN), in collaboration with the Director of the Office of Foreign Assets Control (OFAC), should review the 2004 guidance and information sharing agreement based on changes to sanctions programs and update accordingly.

Questioned Costs

$0

Funds for Better Use

$0

Recommendation Status

Closed

Source UUID

e4cd3ef2-94a7-43ff-87fa-7190c11bd1ae-3-1

Report

TERRORIST FINANCING/MONEY LAUNDERING: Financial Institutions Used FinCEN Guidance Designed To Avoid Duplicate Filing of Reports With OFAC and FinCEN, but BSA Data Users Did Not Have Access to All Data

Recommendation Number

3-1