The Treasury Department said on Thursday that Andrea Gacki, an architect of the Biden administration’s sanctions program, would become the director of the Financial Crimes Enforcement Network in September.
Her appointment is expected to bolster an agency that is central to the U.S. government’s efforts to crack down on money laundering and sanctions evasion, particularly given the number of new penalties imposed in the wake of Russia’s invasion of Ukraine.
That has led to a vast effort by Russia to evade sanctions using shell companies, foreign exchange transactions and other complex financial maneuvers that the Financial Crimes Enforcement Network, known as FinCEN, is trying to stop.
Ms. Gacki is currently the director of the Office of Foreign Assets Control, a unit within the Treasury Department where she has designed and imposed sanctions on countries such as Iran, North Korea and, most recently, Russia.
In her new role at FinCEN, she will be leading another division within the Treasury that is responsible for cracking down on money laundering, cybercrime and sanctions evasion.
Persons:
Andrea Gacki, Gacki
Organizations:
Treasury, Biden, Network, United, Foreign Assets Control, Treasury Department
Locations:
Ukraine, United States, Russia, Iran, North Korea