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
Copyright @ www.wsj.com
- Headline: Anti-money laundering unit must have staff able to fulfill its reform mandate, official says
- Check all news and articles from the Money news information updates about currencies.