Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW FinCEN e-filing change results in user issues
WASHINGTON (UPDATED: 1:20 P.M. ET, 7/6/12)--The Financial Crimes Enforcement Network's (FinCEN) Bank Secrecy Act (BSA) e-filing system, and e-filing telephone help desk, are both experiencing extremely high volume, and this volume is creating issues for some users, FinCEN has said.

The high e-filing volume "may result in intermittent delays in a filer's ability to submit required reports or complete the on-line application process for a new BSA E-Filing System account," FinCEN said in a post on its homepage, www.fincen.gov. The high call volume is resulting in extended hold times and, in some cases, busy signals, FinCEN added.

FinCEN said it is aware of both of these issues, and is working to resolve them. In the meantime, e-filing system users that are having issues can reach FinCEN staff at the following addresses:

  • For E-File technical questions: BSAEfilinghelp@fincen.gov
  • For regulatory inquiries related to form completion or selection:BSA_Resource_Center@fincen.gov
  • For form completion or selection issues specific to FBAR: fbarquestions@irs.gov
  • For law enforcement related matters: liaisonservices@fincen.gov
  • 314 Inquiries from Law Enforcement: le314a@fincen.gov
  • 314 Inquiries from Financial Institutions: sys314a@fincen.gov
  • General FinCEN Inquiries: webmaster@fincen.gov
  • For any other matters, you can also send your inquiry to webmaster@fincen.gov.
Electronic filing of all BSA reports became mandatory on July 1. Currency Transaction Reports, Designations of Exempt Persons, and Suspicious Activity Reports are among the reports that can be e-filed. Almost all BSA reports now need to be e-filed, but Currency and Monetary Instrument Reports are not covered under the e-filing requirement.

FinCEN has said the switch to all-electronic BSA filing will improve efficiency, reduce costs for the financial industry, and enhance the ability of investigators, analysts, and examiners to gain better and more timely access to important financial information. Increased BSA E-Filing will also help speed up financial crime investigations, the agency added.


RSS print
News Now LiveWire
#NewsNow .@TheNCUA's McWatters says new risk-based capital comment period is needed. http://t.co/UyeAKudcaz
27 minutes ago
56 MILLION cards hit by #HomeDepotBreach says http://t.co/SEsYHQfSV5. See #NewsNow how #creditunions are helping http://t.co/82S4RUVltp
52 minutes ago
Tech. advances don't dampen consumer #cybersecurity concerns #NewsNow http://t.co/HNn4Hojadv
16 hours ago
.@TheNCUA board unanimously voted today to designate board member Rick Metsger as vice chairman, effective immediately.
16 hours ago
We really want to hear from our readers. Please take the News Now survey: http://t.co/BYiQ5vr5Ob
18 hours ago