The U.S. Treasury Department has selected Jennifer Shasky Calvery as the new director of its Financial Crimes Enforcement Network, which maintains financial transactions data and analyzes information for law-enforcement purposes.
The department said Shasky Calvery is expected to begin her new job in September and will replace outgoing director Jim Freis, who has led the network, known as FinCEN, for more than five years. The director of FinCEN is appointed by the department’s secretary and reports to the undersecretary for terrorism and financial intelligence.
Shasky Calvery joins FinCEN from the Justice Department, where she has served since 2010 as chief of the asset forfeiture and money laundering section.
“Her proven record of leadership and strong working relationships with Treasury, law enforcement and the federal bank regulatory agencies will be enormous assets to us as we work together to chart a course for FinCEN’s future,” David Cohen, the Treasury undersecretary for terrorism and financial intelligence, said in a news release.