Lawmakers Push FinCEN to Focus on Serious Financial Crime

Two lawmakers have asked the Financial Crimes Enforcement Network (FinCEN) to ensure that reducing unnecessary compliance burdens and prioritizing high-risk financial crimes in its enforcement efforts are part of its current rulemaking process. House Committee on Financial Services Chairman French Hill (R-Ark.) and Subcommittee on National Security, Illicit Finance, and International Financial Institutions Chairman Warren Davidson (R-Ohio) urged this and other measures in a June 9 letter to FinC