Financial Crimes Enforcement Network
U.S. Department of the Treasury
appendix l – proJeCt management and
inFormation teChnology proCesses
FinCEN is an agency whose mission is dependent on the effective collection,
dissemination, and meaningful analysis of large quantities of data. As such,
FinCEN must manage its information technology effectively in order to ensure
the most effective use of the data. To properly position itself to implement
and deploy a system like the one contemplated in the Intelligence Reform and
Terrorism Prevention Act of 2004, FinCEN would have to: () fully define its
overall enterprise architecture (a blueprint for its current and future information
technology environment); (2) employ a life cycle management technique to
govern all aspects of individual information technology projects; (3) establish
clear procedures for a technical investment review board to ensure management
control of information technology projects and ensure consistency of such
projects with both its overall enterprise architecture and OMB’s requirements
for sound capital planning investment control.
Enterprise Architecture Issues
Whether or not FinCEN implements a cross-border funds transfer reporting
system, FinCEN will continue to develop a comprehensive enterprise
architecture, or a blueprint for its current and future technology environment.
The enterprise architecture will include documentation of FinCEN’s
information technology development methodology, in order to ensure that every
project within FinCEN is managed according to the same set of guidelines.
Implementation of an enterprise architecture significantly minimizes the risk of
investing in duplicative or poorly integrated technology.
Under Treasury Department guidance, FinCEN is currently completing its
enterprise architecture. The final form of FinCEN’s enterprise architecture
must provide the basis for the final decisions FinCEN makes in developing the
cross border electronic funds transfer system.
FinCEN began this ef