Treasury Dismisses Financial Crimes Enforcement Head

Law360, New York (May 21, 2012, 10:58 PM EDT) -- The director of the U.S. Department of the Treasury’s Financial Crimes Enforcement Network was dismissed in an abrupt and unexplained move, according to Monday news reports.

Jim Freis, who had held the position since 2007, was dismissed from his role in heading up FinCEN, confidential sources told the Wall Street Journal. A Treasury spokeswoman declined to confirm or comment on the report Monday.

In a memo sent to Treasury employees, the department’s Under Secretary for Terrorism and Financial Intelligence David Cohen said Freis was “stepping down”...
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