The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) launched COMMAND, a new series under its FinCEN Exchange public-private information sharing program, aimed at “combating and obstructing” money movements associated with narcotics and drug trafficking organizations, including cartels. The initiative is intended to mobilize community and regional financial institutions as frontline partners with law enforcement to target illicit finance tied to transnational criminal organizations. As part of the launch, FinCEN held COMMAND events in McAllen and El Paso, Texas on June 24 and June 27, led by Deputy Director Jimmy Kirby, and highlighted collaboration with the Texas Department of Banking. The FinCEN delegation also visited a port of entry in El Paso and met with local, state, and federal law enforcement to deepen operational coordination and support investigations through the use of Bank Secrecy Act information. FinCEN positioned COMMAND as supporting Executive Order 14157, and noted that this was its second FinCEN Exchange event in El Paso in less than a year; the broader FinCEN Exchange program is a statutorily authorized voluntary partnership established in 2017 and codified in the Anti-Money Laundering Act of 2020.
Financial Crimes Enforcement Network 2025-06-27
Financial Crimes Enforcement Network launches COMMAND FinCEN Exchange series to disrupt narcotics and cartel-linked money movements
FinCEN launched COMMAND under its FinCEN Exchange program to combat money linked to narcotics and drug trafficking. The initiative partners community and regional financial institutions with law enforcement to target illicit finance. COMMAND supports Executive Order 14157 and collaborates with the Texas Department of Banking and local law enforcement.