The Financial Crimes Enforcement Network named Thomas Ott, Associate Director of the Enforcement Division.
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The House Financial Services Committee released a staff report investigating whether the U.S. Department of Justice's decision not to prosecute HSBC for "serious violations of U.S. anti-money laundering laws and related offenses" was "based on the size of financial institutions and [a] belief that such prosecutions could negatively impact the economy."
FinCEN Director Jennifer Shasky Calvery announced that she will vacate her position at the end of May.
GAO issued a report on the collection and use of fines, penalties and forfeitures assessed against financial institutions for their violations of BSA/AML regulations, the Foreign Corrupt Practices Act and U.S. sanctions programs requirements.