The Financial Crimes Enforcement Network (FinCEN) is a bureau within the United States Department of the Treasury that collects and analyzes information about financial transactions to combat domestic and international money laundering, terrorist financing, and other financial crimes.

We regularly counsel financial institutions, including insurers to comply with AML and other laws regulated by FinCEN. Due to our unique regulatory and industry perspective, we often counsel clients who are victims of a cybersecurity event. A cybersecurity event can trigger multiple areas of concern including regulatory notifications, insurance coverage, sanctions and terrorist financing exposure if ransom is demanded from a sanctioned party, and of course privacy and data security.

We also assist clients to determine if the need money service business licenses and to obtain licenses where appropriate.