The Financial Crimes Enforcement Network ("FinCEN") launched a Global Investigations Division ("GID") that will address illicit finance and money laundering threats.
The GID is the successor to the former Office of Special Measures. GID will focus on utilizing Section 311 of the USA PATRIOT Act and FinCEN information collection authorities, such as geographic targeting orders and requirements for U.S. persons to report foreign financial accounts.
FinCEN Director Kenneth A. Blanco appointed Matthew Stiglitz to lead GID. Mr. Stiglitz is a former Principal Deputy Chief for the Department of Justice Criminal Division.
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