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The third voluntary public-private partnership FinCEN Exchange on fentanyl trafficking & related funds flows occurred today. It follows two in San Antonio, TX & Cincinnati, OH in 2023.
LOS ANGELES—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) convened a FinCEN Exchange—a voluntary public-private partnership—to share strategic and operational information to combat illicit financial networks that enable fentanyl trafficking.
This event continues a series of FinCEN Exchanges on fentanyl trafficking and related funds flows, including two in 2023, in San Antonio, Texas and Cincinnati, Ohio
The FinCEN press release gave no further details of today's event but included a broad detail of the purpose: "FinCEN continues to call on financial institutions to monitor for and report suspicious activity related to the trafficking of fentanyl, fentanyl analogues, and other synthetic opioids, including on the basis of its 2019 advisory to financial institutions on the subject."
Co-hosted by the United States Attorney’s Office for the Central District of California, the FinCEN Exchange included:
- Representatives from the financial industry
- Regional and national law enforcement agencies such as
- U.S. Department of Justice
- Drug Enforcement Administration
- Homeland Security Investigations
- U.S. Customs and Border Protection
- Federal Bureau of Investigation
- IRS – Criminal Investigation
- United States Postal Inspection Service
- Los Angeles Police Department
- Los Angeles Sheriff’s Department.
FinCEN Exchange aims to protect our national security and our citizens from harm by:
- Combatting money laundering and its related crimes, including terrorism,
- Through public-private dialogue that encourages, enables, and acknowledges industry focus on high-value and high-impact activities.
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