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Reorganization Underway, FinCEN Plans to Get Tough on Enforcement
By Brian Monroe
printFour months into the tenure of its new director, the nation's financial intelligence unit is positioning itself to more aggressively enforce anti-money laundering regulations and closely work with law enforcement officials. The changes, including the appointment of former federal prosecutors to top positions, reflect a quiet reorganization of the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) following the September appointment of Jennifer Shasky Calvery, then head of the U.S. Justice Department's Asset Forfeiture and Money Laundering Section (AFMLS), as bureau director. The overhaul comes in response to a feeling among top Treasury Department officials that, in recent years, FinCEN...
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