FinCEN Modernization and the Future of Financial Crime Enforcement

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) sits at the forefront of efforts to detect, disrupt, and deter illicit finance – yet growing challenges are testing the limits of existing regulatory frameworks. As Congress weighs updates to the Bank Secrecy Act and the U.S. and Western allies debate new global standards through the Financial Action Task Force (FATF), debates over the Corporate Transparency Act, a steep rise transnational criminal networks, and the surge of ransomware attacks underscore the urgency of modernizing America's anti-money laundering infrastructure.

As illicit financial crime evolves, how can FinCEN rise to meet the challenge? How do cryptocurrency and AI impact financial crime and enforcement? What tools are available to combat sophisticated threats from cartels and Chinese money-laundering organizations?

To discuss the landscape of modern financial crime and the future of FinCEN, FDD’s Center on Economic and Financial Power (CEFP) hosts former FinCEN directors Kenneth A. Blanco, Jennifer Shasky Calvery, and Himamauli Das. This conversation is moderated by Juan C. Zarate, chairman of FDD’s CEFP.

For more, check out: https://www.fdd.org/events/2025/12/18/fincen-modernization-and-the-future-of-financial-crime-enforcement/