United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2006-07-14 monographic deposited born digital 30 p. GA 1.13:GAO-06-947R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-947R P0b002ee1803998e0 f:d06947r DGPO 2010-08-12 2011-03-23 GAOREPORTS-GAO-06-947R machine generated eng fdlp REPORT GAOREPORTS-GAO-06-947R GAO-06-947R Information management Information technology Internal controls IT investment management Program evaluation Schedule slippages Correspondence A57021

The Financial Crimes Enforcement Network's (FinCEN) primary function is to support and strengthen domestic and international anti-money laundering efforts through coordination and partnerships. Since its creation in 1990, FinCEN has been responsible for overseeing the management, processing, storage and dissemination of Bank Secrecy Act (BSA) data. In 2004, FinCEN embarked on a major initiative intended to improve the sharing of information reported under the Bank Secrecy Act. BSA Direct is an umbrella project intended to provide secure, user-friendly, web-based tools for accessing, analyzing, and filing BSA data. It is part of a broad effort to reengineer data management responsibilities and transition them from the IRS. During the early spring of 2006, it became clear to FinCEN that the Retrieval and Sharing component of the BSA Direct project (BSA Direct R&S) was not going to meet the critical implementation deadline of June 30, 2006. Because FinCEN has experienced problems with development and implementation of the BSA Direct R&S, Congress asked us about the project's current status and to provide observations on FinCEN's IT investment management practices. Our objectives were to (1) describe BSA Direct R&S and the project's current status; (2) examine FinCEN's application of information technology (IT) investment management processes to the BSA Direct R&S project; and (3) describe, at a high level, the range of options FinCEN may consider as it reexamines the BSA Direct R&S project. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-947R/html/GAOREPORTS-GAO-06-947R.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-947R/pdf/GAOREPORTS-GAO-06-947R.pdf GAO-06-947R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-947R Correspondence GAO-06-947R; Information Technology Management: Observations on the Financial Crimes Enforcement Network's (FinCEN's) BSA Direct Retrieval and Sharing (BSA Direct R&S) Project; Information management Information technology Internal controls IT investment management Program evaluation Schedule slippages Title 12 Section 1829b Title 12 Section 1951-1959 12 U.S.C. 1829b 12 U.S.C. 1951-1959 Title 31 Section 5311-5332 31 U.S.C. 5311-5332 Public Law 91-508