Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Jennifer Shasky Calvery named new FinCEN director
WASHINGTON (8/21/12)—Jennifer Shasky Calvery will take over as director of the Financial Crimes Enforcement Network (FinCEN) next month, the U.S. Treasury announced on Monday.

Shasky Calvery will replace outgoing FinCEN Director James H. Freis. Freis was dismissed from his position in late May.

Treasury Under Secretary for Terrorism and Financial Intelligence David Cohen thanked Freis for his service, and said he is "delighted" to welcome Shasky Calvery to the Treasury. "Her proven record of leadership and strong working relationships with Treasury, law enforcement and the federal bank regulatory agencies will be enormous assets to us as we work together to chart a course for FinCEN's future," he said.

Shasky Calvery served as chief of the asset forfeiture and money laundering section of the U.S. Department of Justice since 2010. In that role, she oversaw the forfeiture of more than $1.5 billion in criminal assets each year. Those funds were used to compensate crime victims and support law enforcement efforts, the Treasury noted. She also combatted organized crime, corruption, Bank Secrecy Act violations and other forms of illicit financial activity.

She also prosecuted money laundering and international crime cases during her 15-year career with the DOJ.

The Credit Union National Association plans to meet with Shasky Calvery soon after she takes on her new post.
Other Resources

RSS print
News Now LiveWire
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
1 hours ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
4 hours ago
Despite what consumers say, big banks still hold sway over market via @Marketplace http://t.co/ozH69d8soj
6 hours ago
Erie, Pa., Americo FCU CEO praises staff for actions during robbery http://t.co/yyhaPnDtXh
7 hours ago
"Shreditorial" praises good deeds of @DannemoraFedCU http://t.co/06qKe0mhzR
7 hours ago