By Kyle Brasseur2023-07-13T16:29:00
Treasury Secretary Janet Yellen announced Thursday the appointment of Andrea Gacki as director of the Financial Crimes Enforcement Network (FinCEN).
Gacki shifts to FinCEN from another arm of the Treasury Department in the Office of Foreign Assets Control (OFAC), which she led as director since September 2018.
“During her time as director of OFAC, Andrea guided the office through major world events, including most recently its role countering Russia’s illegal and unprovoked war against Ukraine, where she helped design our unprecedented sanctions strategy,” said Yellen in a statement. “As FinCEN embarks on its most ambitious project in recent years—bringing transparency to corporate ownership and protecting the U.S. financial system—there’s no one I trust more to lead the office than Andrea.”
2024-02-27T19:01:00Z By Aaron Nicodemus
Andrea Gacki, head of the Financial Crimes Enforcement Network, said recent enforcement actions by the agency have addressed significant gaps in the U.S. anti-money laundering/countering the financing of terrorism regime and exposed specific risk factors, trends, and typologies.
2023-09-15T17:23:00Z By Kyle Brasseur
Puerto Rico-based Bancrédito International Bank and Trust Corporation was assessed a $15 million penalty by the Financial Crimes Enforcement Network for admitted violations of the Bank Secrecy Act regarding suspicious activity monitoring and anti-money laundering compliance.
2023-08-15T17:36:00Z By Kyle Brasseur
The Financial Crimes Enforcement Network issued a notice to financial institutions regarding its observations of increasing payroll tax evasion and workers’ compensation fraud taking place in the U.S. residential and commercial real estate construction industries.
2025-09-15T16:47:00Z By Ruth Prickett
You can already buy a coffee with your phone, but soon you could start a job or buy a house with it. Digital compliance wallets holding certificates and documents on smartphones are gaining traction worldwide.
2025-09-10T23:26:00Z By Ruth Prickett
Delays to the U.K.’s Audit Reform and Corporate Governance Bill and creation of the ARGA regulator have sparked criticism. On Sept. 8, 66 MPs sent a letter to the Prime Minister urging reforms be returned to the Parliamentary agenda.
2025-09-08T05:00:00Z By Oscar Gonzalez
The FTC officially withdrew its appeal in a federal court case over its ban on employer noncompete clauses that it passed last year. The agency, however, says it wants public input regarding the effects of employer noncompete agreements.
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