FinCEN Director Andrea Gacki testified before the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions on July 21, 2026, outlining FinCEN's fraud enforcement and BSA modernization priorities. On fraud, Gacki highlighted the Rapid Response Program's interdiction of nearly $2 billion in stolen proceeds for 5,790 victims since 2015, FinCEN's October 2025 severance of the Huione Group (linked to at least $4 billion in laundered proceeds) from the U.S. financial system followed by June 2026 action against successor entities, and ongoing work under the White House Task Force to Eliminate Fraud targeting healthcare and benefit-program fraud by organized crime and transnational criminal organizations. On regulatory modernization, Gacki cited October 2025 SAR FAQs aimed at focusing filings on high-value information, an April 2026 proposed rule overhauling AML/CFT program requirements to emphasize effectiveness over technical compliance (including an expanded FinCEN supervisory role), and two proposed rules implementing AML and customer identification requirements for permitted payment stablecoin issuers under the GENIUS Act. Gackli also noted FinCEN's whistleblower program remains in a triage phase pending finalization of the April 2026 proposed rule governing award eligibility and confidentiality.