The Financial Crimes Enforcement Network recognized seven investigations in its Law Enforcement Awards Program for using Bank Secrecy Act data to support criminal prosecutions and protect the U.S. financial system. Across 42 nominations from 39 law enforcement agencies, the cases involved analysis of more than 16,000 BSA reports filed by more than 1,400 financial institutions and produced 96 convictions, USD 1.1 billion seized and USD 347 million in restitution. The award-winning matters spanned fraud, human trafficking and smuggling, drug trafficking organization activity, transnational criminal organizations, cartel financing, cybercrime and corruption. Notable outcomes cited by FinCEN included a USD 215 million forfeiture tied to the Backpage.com investigation, the TD Bank case that resulted in October 2024 guilty pleas and almost USD 3.1 billion in coordinated penalties for BSA violations and money laundering, and a casino settlement involving more than USD 130 million in forfeitures over unlicensed money transmitting allegations. FinCEN linked the awards to its broader effort to improve feedback between law enforcement and financial institutions through advisories, Financial Trend Analyses, the FinCEN Exchange Program and the Bank Secrecy Act Advisory Group. It also said it plans to post summaries of all case nominations on its website in the coming weeks.

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