The U.S. Department of the Treasury has appointed Jennifer Shasky Calvery as the new director of the Financial Crimes Enforcement Network (FinCEN). Shasky Calvery, who begins her duties in September, assumes this position from Jim Freis, who has served as director of FinCEN for the past five years.

Since its establishment in 1990, FinCEN's wide-ranging work to protect the U.S. financial system from money laundering and other forms of illicit financial activity is a cornerstone of the Treasury Department's efforts to protect the financial system from abuse and advance the national security interests of the United States.

Shasky Calvery joins the Treasury Department from the Department of Justice, where she has served since 2010 as chief of the Asset Forfeiture and Money Laundering Section. During her time here, she restructured the section's efforts in key prosecutorial and enforcement areas related to Bank Secrecy Act violations by banks and non-bank financial institutions, high-level foreign corruption, and different forms of international organized crime, including the Mexican drug cartels.

During her 15 years at the Justice Department, Shasky Calvery also served as a prosecutor with the Organized Crime and Racketeering Section, prosecuting cases targeting international organized crime groups and particularly the professional money launderers who supported them. She also spent two years in the Office of the Deputy Attorney General, serving as senior counsel.