FinCEN

FinCEN, or the Financial Crimes Enforcement Network, is a U.S. government agency that collects and analyzes financial information to detect and prevent illegal activities like money laundering, fraud, and terrorist financing. It works with banks, financial institutions, and law enforcement to monitor suspicious transactions, ensuring the financial system remains secure and compliant with laws. Essentially, FinCEN acts as a watchdog, helping to identify and combat financial crimes while safeguarding the integrity of the economy.