Bloomberg Law
Feb. 21, 2020, 4:10 PM

Treasury’s Financial Crimes Unit Names New No. 2 Official

Jacob Rund
Jacob Rund

The Treasury Department’s Financial Crimes Enforcement Network is shaking up its top ranks by bringing in a new second-in-command, who will also double as its first digital innovation officer.

FinCEN on Friday said Michael Mosier, the bureau’s former chief of strategic advancement, is coming back after a stint in the private sector to serve as deputy director. He will also lead engagement with emerging financial technologies.

The move signals FinCEN’s continued focus on the anti-money laundering compliance efforts of cryptocurrency services and other developing assets and payments systems.

FinCEN Director Kenneth Blanco, in a written statement, said Mosier’s public and ...