From FinCEN: Analysis of Fentanyl-Related Threat Patterns and Trends in Bank Secrecy Act Reports

WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis focused on patterns and trends identified in Bank Secrecy Act (BSA) data linked to fentanyl-related illicit finance. Between January and December 2024, financial institutions filed 1,246 BSA reports that identified suspected fentanyl-related activity amounting to approximately $1.4 billion in suspicious transactions. The reported financial activity highlighted various aspects of the illicit fentanyl supply chain—including precursor chemical procurement, fentanyl trafficking, and fentanyl-linked money laundering—that have touchpoints across the U.S. financial sector. “As Treasury continues to prioritize combating the illegal production and trafficking of fentanyl, our public-private partnerships are vital,” said Secretary of the Treasury, Scott Bessent.