Top DOJ prosecutor named new FinCEN chief


The former head of the DOJ's Criminal Division has been named director of the federal government's main anti-money laundering agency.



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The former head of the DOJ's Criminal Division has been named director of the federal government's main anti-money laundering agency.
The Egmont Group -- Financial Intelligence Units from 151 jurisdictions, with 19 other observer organizations -- issued its latest Communiqué from its meeting in Monaco last week, targeting terrorist financing.
The U.S. Treasury Department's Financial Crimes Enforcement Network and its counterpart in China signed a memorandum of understanding Friday for expanded U.S.- China collaboration to fight money laundering and terrorism financing.
The Egmont Group is part of the international infrastructure used by enforcement agencies to share information and help each other develop evidence to prosecute financial crimes, such as money laundering, tax evasion, and graft.
Attendees at an Egmont Strategic Analysis Course in Virginia, USA, 2012 (Image courtesy of the Egmont Group)The people at the DOJ in charge of FCPA enforcement get help from the Egmont Group, they say. The feds describe Egmont as part of the international infrastructure by which enforcement agencies share information and help each other develop evidence to prosecute financial crimes, such as money laundering, tax evasion, and graft.