FinCEN Innovation Hours Program on Privacy-Enhancing Technologies

The Financial Crimes Enforcement Network has announced it will host a special virtual FinCEN Innovation Hours Program on Sept. 9, 2021, focusing on the important role of privacy-preserving principles in developing technical solutions that enhance financial services innovation while countering illicit activity and national security risks that undermine the integrity and opportunity of the U.S. financial system. FinCEN encourages participation of companies developing solutions to privacy issues, such as homomorphic encryption, zero-knowledge proofs, and other technology that balances privacy and financial integrity. This could include fintech companies, regtech companies, venture capital firms, and financial institutions.

“This program is an example of FinCEN’s ongoing dedication to advancing the integrity and innovative strength of the U.S. financial system, which includes balancing transparency and accountability with the important principles of privacy and security,” said Acting Director Michael Mosier. “We support responsible innovation, especially that which promotes the resilience and safety of our financial system and the American people."