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ABA: The American Bankers Association
Compliance News

FinCEN Launches Global Investigations Division

The Financial Crimes Enforcement Network announced that it has launched a new Global Investigations Division. Using FinCEN’s authorities under the Bank Secrecy Act—including Section 311 of the USA Patriot Act—the new division will focus specifically on investigating terrorist finance and money laundering threats both domestically and internationally. Matthew Stiglitz—a former principal deputy chief in the Department of Justice’s criminal division—will lead the new unit.