FinCEN’ New Acting Director was formerly working for Chainalysis
As per the latest reports, FinCEN has revealed that its current acting director will be leaving the governing body. The Financial Crimes Enforcement Network (FinCEN) has made the announcement on April 2, 2021, about the departure of its acting director.
The FinCEN officials have confirmed that the current director at the governing body will be leaving the network by Friday, April 9, 2021. It has also been confirmed that the person taking his position would be the former chief technical counsel at Chainalysis, Michael Mosier.
It was on Friday, April 2, 2021, when an official announcement was made by Kenneth A. Blanco, the director at FinCEN. In the announcement, he confirmed changes to several leadership positions that will soon be taking place in the bureau.
The announcement was made by Kenneth A. Blanco through an official public statement on Friday, April 2, 2021.
In the announcement, Blanco will be leaving the FinCEN bureau by April 9, 2021, and Michael Mosier will be taking his spot as the new acting director.
Blanco had served as the acting director of FinCEN since December of 2017. Michael Mosier, who is currently working as the Treasury’s Deputy Secretary’s Counselor was formerly a part of FinCEN. Before serving the Treasury, he had worked at FinCEN as the Deputy Director. However, Mosier will be returning to the bureau and this time with a promotion as the acting director at FinCEN.
Ever since the Financial Crime Enforcement Network (FinCEN) was formed, there have been only eight directors to the bureau and Blanco was the bureau’s eighth director.
With his departure from the FinCEN and Michael Mosier stepping in as the new director, Mosier will become the ninth director at the Financial Crime Enforcement Network (FinCEN).
At FinCEN, the current deputy director is AnnaLou Tirol, who had previously worked as the associate director for the Bureau. As the associate director, Tirol was responsible for leading the Strategic Operations Division for FinCEN in the past. Announcing his departure on Friday, April 9, 2021, Blanco has announced that Mosier will be taking charge of the bureau from Monday, April 11, 2021.
Ever since Joe Biden took charge of the White House, he has been making very well-measured decisions when it comes to cryptocurrencies. The government has been very considerate when it comes to choosing people leading the bureaus and agencies that will be dealing with cryptocurrencies directly.
The government is reportedly choosing people for such positions that have had a lot of experience in the cryptocurrency sector. Apart from Michael Mosier, the government had made the same kind of decision when selecting the chairman for the US SEC.
At that time, Joe Biden, the 46th President of the United States chose Gary Gensler as US SEC’s chairman.