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ICBA Congratulates New FinCEN Director

Washington, D.C. (February 22, 2006)—The Independent Community Bankers of America congratulates Robert Werner on his appointment as the new director of the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). Werner, who currently serves as director of Treasury's Office of Foreign Assets Control (OFAC), replaces William Fox who recently left to accept a position in the private sector.

“ICBA looks forward to working with Bob Werner and continuing a successful collaboration with FinCEN under its new director,” said Camden R. Fine, ICBA president and CEO.   “Before heading OFAC, Bob worked closely with Bill Fox, and as director of OFAC, Bob has been leading the agency’s outreach to banks.  ICBA hopes to continue working with Bob and FinCEN to develop effective and efficient rules that protect our nation’s community banks from abuse by money launderers and other criminals.”

The Financial Crimes Enforcement Network is a bureau within the Treasury Department charged with safeguarding the nation’s financial system from money laundering and other illicit financial activity through the administration of the Bank Secrecy Act.  FinCEN supports the law enforcement and intelligence communities, as well as the regulatory agencies, through the sharing and analysis of financial intelligence.