If the bill is signed by President Biden, nearly $30 million of those funds would go to the Treasury’s Financial Crimes Enforcement Network, Sen. Sheldon Whitehouse (D., R.I.) said in a statement on Thursday.
FinCEN, a bureau of the Treasury, is tasked with collecting financial intelligence and enforcing laws that protect the U.S. financial system from illicit activity. Its budget has grown in recent years, following the passage of legislation that requires the bureau to make extensive changes to U.S. anti-money-laundering laws.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn