Daniel P. Stipano quoted in ACAMS article, “Draft bill would give FinCEN lead role in countering authoritarian regimes”
ACAMSDaniel P. Stipano
Daniel P. Stipano was quoted on April 16, 2020 in an ACAMS article, “Draft bill would give FinCEN lead role in countering authoritarian regimes,” which discussed a proposed bill that would increase regulatory obligations for the Treasury Department’s Financial Crimes Enforcement Network, including establishing a database of financial institutions’ reports on cross-border payments.
Stipano noted, “Since FinCEN is already required by law to establish the database, and hasn’t done so, it is not clear why passing another law that basically says the same thing will make them any more responsive.”
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