FinCEN seeks sources for enhancing illicit financial research, analysis

On June 11, the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) posted a sources sought notice for Enhancing Illicit Financial Research and Analysis. Responses are due by 10:00 a.m. Eastern on June 27.

Fiscal Service Procurement, on behalf of FinCEN is seeking small business vendors capable of providing a commercial database for Enhancing Illicit Financial Research and Analysis.

This is a Small Business Sources Sought notice (hereinafter Notice).  This is NOT a solicitation for proposals, proposal abstracts, request for bids or quotations, nor a promise to issue a solicitation in the future.  The purpose of this notice is to obtain information regarding the availability and capability of qualified small business sources (e.g. HUBZone small business; service-disabled veteran-owned small business (SDVOSB); 8(a) small business; veteran-owned small business; woman-owned small business (WOSB), including economically disadvantaged women-owned small business (EDWOSB) or small disadvantaged business concerns) for this potential requirement. Additionally, to assist the Government in determining whether a set-aside is possible.

FinCEN’s mission is to safeguard the financial system from illicit use, and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.  FinCEN carries out its mission by receiving and maintaining financial transaction data, analyzing and disseminating that data for law enforcement purposes, building global cooperation with counterpart organizations in other countries and with international bodies, and by administering the Bank Secrecy Act of 1970 (BSA), as amended by Title III of the USA Patriot Act of 2001 and other legislation.  The BSA is the nation’s first and most comprehensive Federal anti-money laundering and counter-terrorism financing statute.  Pursuant to the BSA, FinCEN, among other things develops anti-money laundering regulations and policies and enforces compliance with the BSA and its implementing regulations.

FinCEN’s Research and Analysis Division produces proactive, multi-source financial intelligence and analysis in support of a variety of internal and external stakeholders.  By leveraging BSA data and a variety of other data sources, FinCEN analysts can illuminate key nodes within illicit financial networks. FinCEN analysts also work directly with U.S. law enforcement stakeholders to provide real-time operational support through the tactical use of BSA data.

Review the FinCEN illicit financial research sources sought.

Source: SAM

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