US Money Laundering Team Is at Crossroads as New Leaders Named

The Justice Department has picked two new leaders for a white-collar office focused on global money laundering that former staff members say needs to reenergize its uneven attempt at transforming from policy hub to litigation dynamo.

The Money Laundering and Asset Recovery Section would benefit from more forward-leaning leadership, faster prosecution decisions, and greater trial experience throughout the section, according to interviews with 32 former DOJ employees, most of whom are still financial crime attorneys.

The interviews preceded Tuesday’s announcement that Brent Wible, a manager in the Criminal Division’s Fraud Section, was selected as MLARS chief while Molly Moeser was ...