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