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TeachMeFinance.com - explain Financial Institutions Regulatory Agencies Criminal Referral and Enforcement System (FIRACRES) 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. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.