UPDATE APPENDED: The director of the U.S. financial intelligence unit is stepping down to join HSBC Holdings Plc, ending a tenure that saw the agency intensify its cooperation with law enforcement officials and its oversight of non-bank firms. In a statement Tuesday, Jennifer Shasky Calvery said she would leave the directorship of the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) in May, nearly four years after joining the bureau in September 2012 from her role as chief of the Justice Department's Asset Forfeiture and Money Laundering Section. Shasky Calvery will take on a senior role in financial crime compliance...
Global bank HSBC is pressing regulators to allow its investigators to share confidential information across all 70 of its international affiliates to improve anti-money laundering compliance, the head of its threat mitigation unit said.
U.S. officials told an appellate court on Thursday that plans to unseal a report on HSBC's anti-money laundering efforts since 2012 could undercut future efforts to police the financial sector.
The initial news in April that Director Jennifer Shasky Calvery would depart the Financial Crimes Enforcement Network (FinCEN) at the end of May created a buzz in the compliance world.
A former director of the nation's financial intelligence unit will join the Washington, D.C. office of Cleary Gottlieb Steen & Hamilton LLP as of counsel, the law firm said Monday.
The U.S. Justice Department's top anti-money laundering enforcer will lead the Financial Crimes Enforcement Network beginning next month, the bureau said Monday.
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