Anti-money laundering unit must have staff able to fulfill its reform mandate, official says

Anti-money laundering unit must have staff able to fulfill its reform mandate, official says

The U.S. Department of the Treasury’s Financial Crimes Unit is focused on acquiring the resources it needs to implement sweeping new anti-money laundering reforms – in a way that does not unnecessarily burden the government. financial sector, said its director.

Putting anti-money laundering legislation into practice, which was passed in January as part of an annual defense policy bill, is a priority for the Financial Crimes Enforcement Network, the director said on Tuesday. from FinCEN, Kenneth Blanco, at a virtual conference organized by the International Institute. bankers.

“The priority is to make sure that we are doing all we can to implement the [law], whatever we can to ensure that FinCEN is able to accomplish this ”, Mr Blanco…Read Additional From Source

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