ARLINGTON, Va.—Financial Crimes Enforcement Network Acting Director Jamal El-Hindi will talk about the importance of anti-money laundering precautions during a Sept. 19 address before NAFCU’s Congressional Caucus in Washington.
El-Hindi will discuss FinCEN’s efforts to crack down on money laundering and fraud and about how credit unions can protect themselves against fraud schemes.
El-Hindi was appointed deputy director of FinCEN in May 2015, and he has been acting director since former Director Jennifer Shasky Calvery left the agency in May 2016. El-Hindi previously served as an attorney-advisor in the Office of Chief Counsel for Foreign Assets Control at the Treasury Department.
NAFCU’s Congressional Caucus is Sept. 18-21. Registration is still open for member and nonmember credit unions.
Earlier this week, NAFCU confirmed Sen. Joe Donnelly (D-IN) and Reps. Sandy Levin (D-MI) and Brad Sherman (D-CA) for the speaker slate as well.
Donnelly and Sen. Ben Sasse (R-NE), also set to speak at the Caucus, spearheaded a letter signed by 70 senators urging CFPB Director Richard Cordray to grant credit unions relief from more rules through the bureau’s authority under the Dodd-Frank Act.
Levin serves as the ranking member of the House Ways and Means Committee. He has also been a strong supporter of credit unions’ federal tax exemption. House Financial Services Committee member Sherman is a lead cosponsor of the NAFCU-backed bill “Capital Access for Small Businesses and Jobs Act” (HR 989), which would allow federal credit unions access to supplemental capital.