On Monday, August 20, 2012, the U.S. Department of the Treasury announced that Jennifer Shasky Calvery was selected as the new Director of the Financial Crimes Enforcement Network (FinCEN).  Ms. Shasky Calvery will replace current Director Jim Freis, who has served as the Director of FinCEN for the past five years.  FinCEN is a division of the U.S. Department of Treasury and is responsible for helping protect the U.S. financial system from money laundering and other forms of illicit financial activity.

“I am delighted to welcome Jennifer as a new FinCEN Director and as a key member of my senior leadership team. Her proven record of leadership and strong working relationships with Treasury, law enforcement and the federal bank regulatory agencies will be enormous assets to us as we work together to chart a course for FinCEN’s future,” said Under Secretary for Terrorism and Financial Intelligence David S. Cohen. “I thank Jim Freis for his years of dedicated service during which he has guided FinCEN in its critical missions of administering the Bank Secrecy Act and serving as the United States Financial Intelligence Unit.”

Prior to her new position Ms. Shasky Calvery served as the Chief of the Asset Forfeiture and Money Laundering Section of the Department of Justice.  While in this post, she restructured the section’s efforts in key prosecutorial and enforcement areas related to Bank Secrecy Act violations by banks and non-bank financial institutions and other foreign corruption.  She has also worked closely with the Treasury Department in developing investigative strategies and regulatory initiatives to combat illicit financial activity.

 

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