FinCEN launches new division to combat illicit finance threats

摘要

THE Financial Crimes Enforcement Network (FinCEN)has launched its Global Investigations Division (GID) tocombat illicit finance threats and related crimes, both inthe United States and internationally.The division will be responsible for implementing targetedinvestigation strategies rooted in FinCEN’s authoritiesunder the Bank Secrecy Act (BSA). GID will leverageFinCEN’s BSA authorities, including Section 311 of theUSA PATRIOT Act, to investigate and target terroristfinance and money laundering threats, and GID will workmore closely with foreign counterparts to coordinateactions against such threats when appropriate.