August 28, 2019

FinCEN focuses on foreign money laundering threats

The Financial Crimes Enforcement Network announced that it has launched a Global Investigations Division (GID), responsible for investigations under the Bank Secrecy Act.  GID will serve as a dedicated division focused on exercising the authority of Section 311 of the USA Patriot Act to target terrorist finance and money laundering, particularly as they threaten national security and the financial system.  GID will work closely with foreign counterparts. 

FinCEN press release