FinCEN Unlikely to See Big Changes in Regulatory Overhaul: D.C. Observers

By Matt Squire

New leadership at the U.S. Treasury Department and an expected regulatory overhaul will likely mean few changes for the federal administrator of anti-money laundering laws, say Washington observers. Faced with bank failures and a broad economic slowdown, President Obama and U.S. lawmakers have signaled a willingness to toughen financial oversight and reshape bank regulation. On Tuesday, Congress approved the nomination of the former president of the Federal Reserve Bank of New York, Timothy Geithner, as Treasury Secretary. Geithner, who served as under secretary for international affairs during the Clinton administration, won't make big changes at the department's Financial Crimes Enforcement...