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Investigators Query FinCEN on Swift Securities Transactions, Says Bureau Chief
By Brian Orsak and Colby Adams
printU.S. law enforcement officials and regulators have queried the nation's financial intelligence unit about securities settlements that use the world's top financial messaging platform, according to the agency's director. In response, the Financial Crimes Enforcement Network (FinCEN) is developing an "extensive bulletin" on securities transactions that involve the Belgium-based Society for Worldwide Interbank Financial Telecommunication, or Swift, bureau Director Jennifer Shasky Calvery disclosed in a speech Wednesday. The bulletin is intended to help "our law enforcement, regulatory and intelligence community partners interpret Swift securities messages formats and trace illicit funds movements occurring in this sector," she said, during an anti-money...
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