2 May 2016

The head of the US Department of the Treasury’s FinCEN agency, Jennifer Shasky Calvery is to leave the organisation, it has been announced. According to a FinCEN statement her last day will be 27 May 2016.

She joined FinCEN in 2012 and has led the agency in its recent controversial attacks on banking institutions, including FBME Bank, for what it claims are weak anti-money laundering controls. These claims against FBME Bank are currently the subject of legal actions in US courts.

Ms Shasky Calvery is said to be joining HSBC Bank.