To keep from falling further behind in the battle against criminal money and terrorism financing, the United States must remake the federal agency at the center of the fight, according to a new report that draws on the views of top anti-money laundering experts. The U.S. Treasury Department’s Financial Crimes Enforcement Network — known in shorthand as FinCEN — is underfunded and overstretched in its role as a leading player in the global effort to catch money launderers and other sophisticated financial criminals who use shell companies, cryptocurrencies and other tools to hide their activities, the nonprofit anti-corruption group Global Financial Integrity says. “It is an agency that is st
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