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FA CI L I TUTOR G U ID E T O REQ U I Read T E ST A DM IN I S T RAT O R T RA I NI N G 2 01 7 1 8 Publication Date: 08/01/2017DYNAMIC LEARNING MAPS CONSORTIUM COPYRIGHT 2017FINDING HELP When the information
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fa ci l i stands for Financial Crimes Enforcement Network (FinCEN) Report.
Financial institutions, certain nonfinancial trades or businesses, and individuals may be required to file a fa ci l i report.
fa ci l i can be filed electronically through the BSA E-Filing System or by submitting a paper form to FinCEN.
The purpose of fa ci l i is to assist in the detection and prevention of money laundering, terrorist financing, and other financial crimes.
fa ci l i requires information such as the identity of the filing institution, details of the suspicious activity, and any relevant financial transactions.
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