Law Dictionary

To search for a particular term please use the following search box.

Financial Institutions Regulatory Agencies Criminal Referral and Enforcement System (FIRACRES)

a computer system shared by seven federal agencies, which use the database to exchange information on crimes involving savings associations, banks or credit unions, including cases that have been referred to the Justice Department for possible criminal prosecution and on cases involving civil enforcement actions. The system is designed prevent someone who has violated the law or regulations at one type of financial institution (for example, a credit union) from doing the same thing at another type of institution (for example, a savings and loan) that is supervised by a different regulatory agency. The FIRACRES data base is operated by the Financial Criminal Enforcement Network (FinCEN), a division of the U.S. Treasury Department.

Source : U.S. Department of the Treasury

Language : English

Return

Return to Law Dictionary Index