E-filing Notice From FinCEN

Electronic filing of BSA reports was mandatory as of July 1, 2012. However, since this time, several financial institutions have been experiencing difficulty and delays when trying to file BSA reports electronically. This prompted FinCEN to post the following message:

Important Notice: FinCEN’s BSA E-Filing System is currently experiencing extremely high usage. This may result in intermittent delays in a filer’s ability to submit required reports or complete the on-line application process for a new BSA E-Filing System account. We are aware of these intermittent delays and are actively working to resolve them.

The delays have resulted in a large amount of calls to FinCEN and increased hold times. FinCEN provides the following alternative methods for financial institutions to receive assistance:

• For E-File technical questions: BSAEfilinghelp@fincen.gov
• For regulatory inquiries related to form completion or selection:BSA_Resource_Center@fincen.gov
• For form completion or selection issues specific to FBAR: fbarquestions@irs.gov
• For law enforcement related matters: liaisonservices@fincen.gov
• 314 Inquiries from Law Enforcement: le314a@fincen.gov
• 314 Inquiries from Financial Institutions: sys314a@fincen.gov
• General FinCEN Inquiries: webmaster@fincen.gov
• For any other matters, you can also send your inquiry to webmaster@fincen.gov

As we all know, technology loves to throw an occasional “curve ball” at us from time to time.

Have a great week.