10:48 AM
Connect Directly

Treasury Department Introduces New Head of Anti-Laundering Enforcement Agency

The Financial Crimes Enforcement Network at the Treasury Department named Jennifer Shasky Calvery as its new director following recent money-laundering scandals.

Following the recent money laundering scandals at HSBC and Standard Chartered, the federal regulatory agency that develops anti-laundering policies announced a new head yesterday. Jennifer Shasky Calvery will be the new Director of the Financial Crimes Enforcement Network (also called FinCEN) at the Treasury Department, according to a department press release. FinCen is charged with protecting the U.S. financial system from money laundering activities, as well as other forms of financial crime.

Shasky Calvery has worked at the Justice Department since 2010 as chief of the department's Asset Forfeiture and Money Laundering Section. She helped lead investigations into violations of the Bank Secrecy Act by banks and non-bank institutions, as well as high level foreign corruption, and organized crime, including the Mexican drug cartels, the Treasury Department said in the release. She has served at the Justice Department for 15 years, working mostly on financial crime.

Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.