Which entity is responsible for enforcing AML regulations in the United States?

The Financial Crimes Enforcement Network (FinCEN) is the primary entity responsible for enforcing anti-money laundering (AML) regulations in the United States. As a bureau of the U.S. Department of the Treasury, FinCEN plays a crucial role in overseeing and implementing the Bank Secrecy Act (BSA), which establishes requirements for financial institutions to report suspicious activities and maintain proper records to prevent money laundering and other financial crimes.

FinCEN not only administers AML compliance requirements but also serves as a central repository for financial crime-related data, providing insights that help law enforcement and regulatory agencies combat financial crime effectively. It works closely with various financial institutions, law enforcement agencies, and international organizations to combat money laundering and terrorist financing.

In contrast, while other entities listed in the options have specific roles within the financial regulatory framework, they do not primarily focus on enforcing AML regulations. The International Monetary Fund (IMF) primarily provides financial assistance and advice to countries, the Securities and Exchange Commission (SEC) regulates securities markets and protects investors, and the Federal Reserve Bank oversees monetary policy and regulates banks but is not the designated agency for AML enforcement.