Skip to main content
Glite Dictionary
Financial Crimes Enforcement Network

Financial Crimes Enforcement Network

6.1
A part of the US government that works to stop money laundering and other crimes with money
  • proper noun
  • Formal
translation icon : Red de Control de Crímenes Financieros
  • In 2023, the Financial Crimes Enforcement Network warned about the rise of cryptocurrency-related fraud schemes.

Examples

  • The Financial Crimes Enforcement Network investigates suspicious financial transactions.

  • All suspicious activity reports must be filed with the Financial Crimes Enforcement Network in accordance with federal regulations.

  • The Financial Crimes Enforcement Network issued new guidelines to help banks detect illegal transactions.

  • How does the Financial Crimes Enforcement Network combat money laundering?

  • The Financial Crimes Enforcement Network monitors transactions to prevent money laundering in the U.S. financial system.

  • The Financial Crimes Enforcement Network collaborates with other agencies to combat financial crimes effectively.

  • To comply with regulations, companies must report suspicious activities to the Financial Crimes Enforcement Network.

Synonyms

FinCEN
vsFinancial Crimes Enforcement Network
  • Formal
2 8.0

A United States government office that fights money laundering and other financial crimes

is the full official name used in formal contexts

Surface Forms

Financial Crimes Enforcement Network main

Morphology

financial + crime + enforcement + network

The phrase compositionally denotes a network (organization) concerned with enforcement of financial crimes: the constituents 'financial' + 'crimes' + 'enforcement' + 'network' combine in a predictable, descriptive way. Although it is a specific U.S. agency name (a proper noun), the overall meaning is directly derivable from the parts and would be understandable to a B1 learner who knows the constituent words.

Etymology

Financial Crimes Enforcement Network name gives a clear picture: it is a network of banks and government offices that works to enforce rules against financial crimes, collecting reports and sharing information. That's why the name means the U.S. agency that 'fights money crime'.