FinCEN E-Filing Transition Period: July 1-8, 2012

Since July 1, FinCEN’s E-Filing system has received more than 365,000 reports from financial institutions. A combination of increased volume of new registrations and the normal volume of e-filing, as well as difficulties caused by extensive East Coast power outages, resulted in delays, failed login sessions and, in a few cases, mistaken rejections of properly filed reports. The BSA E-Filing System is now functioning properly and has completed processing backlog data.

Institutions with rejected filings should have received an electronic notification and should re-file their reports accordingly. Some institutions may have been unable to access the E-Filing system during this period through no fault of their own, and their filings may have been delayed. State and federal financial regulators have been informed of the unique circumstances that arose during this period, and examination staff should consider these events when reviewing the financial institution’s filings.

FinCEN acknowledges that financial institutions may at times, and on limited occasions, have ad hoc administrative difficulties in submitting BSA reports to FinCEN electronically within the required time frames. When such difficulties arise, financial institutions should contact FinCEN’s Regulatory Helpline at 800.949.2732 to make FinCEN aware of the compliance concerns and to determine the best option to ensure the required information is submitted in the most expedient manner possible.


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Compliance News.