FACT applauds the Senate Appropriations Committee’s new bill expanding funding for the nation’s primary financial intelligence unit, the Financial Crimes Enforcement Network, by more than $25 million.
Congress must move quickly to increase support for the Financial Crimes Enforcement Network, the bureau of Treasury responsible for implementing some of the most significant updates to U.S. anti-money laundering laws in decades.
Read FACT’s official statement for the record highlighting the critical work of Treasury’s Financial Crimes Enforcement Network, including its ongoing efforts to implement the Corporate Transparency Act and finalize strong rules curbing money laundering through U.S. real estate and private investment markets.
With additional resources from the Andes-Amazon Initiative, FACT will work to close regulatory loopholes, increase enforcement efforts, and improve collaboration between the U.S. and governments in the Andes-Amazon region to mitigate illicit financial flows from environmental crimes in the Amazon.
The appointment of U.S. sanctions expert Andrea Gacki to lead the Financial Crimes Enforcement Network will help empower the Bureau to better safeguard the U.S. financial system from ever-evolving threats.
FACT Executive Director Ian Gary was cited in the Wall Street Journal’s coverage of Andrea Gacki’s appointment as head of the nation’s financial crime fighters.
