The United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) convened a FinCEN Exchange event focused on advancing innovation in the digital assets ecosystem while safeguarding consumers against emerging fraud and scam threats. The session brought together Treasury components, law enforcement, financial institutions, regulatory technology firms and trade groups to discuss innovation trends, fraud and scam prevention, law enforcement’s role in deterring digital-asset-enabled financial crime, and compliance best practices. The event was positioned as part of Treasury’s broader public-private dialogue on combating financial crime while supporting innovation and as supporting Executive Order 14178 on strengthening American leadership in digital financial technology. FinCEN signalled continued engagement with digital asset industry partners on strategies to detect, prevent and report suspicious activity, and encouraged financial institutions to review relevant FinCEN guidance and advisories to stay current on evolving digital asset risks. FinCEN also reiterated that the FinCEN Exchange is a statutorily authorized, voluntary public-private partnership launched in 2017 and codified in the Anti-Money Laundering Act of 2020, designed to support high-value information sharing to counter money laundering and related crimes, including terrorism.

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