A high-level federal financial regulator told a Miami audience Thursday that the U.S. government is exploring new ways to crack down on money laundering by using the USA PATRIOT Act.
Jennifer Shasky Calvery, director of the federal Financial Crimes Enforcement Network, said at a luncheon for bank money laundering professionals that her agency had “begun exploring new ways” to increase cooperation between financial institutions and federal regulators by more forcefully implementing Section 314 of the 12-year-old law.
