Treasury's FinCEN director moves to Coast Guard

Treasury's FinCEN director moves to Coast Guard

James Sloan has resigned as director of the Financial Crimes Enforcement Network, the Treasury Department said yesterday, to take a job with the Coast Guard.

Sloan led FinCEN, which develops and implements policies to prevent and detect money laundering, since April 1999. He begins his new position Nov. 17 as the Coast Guard's assistant commandant for intelligence.

A Treasury spokesman said no replacement as FinCEN director has been named.

'Under Jim's leadership, FinCEN's support to investigators tracking terrorist financing and its regulatory work implementing important antiterror legislation, such as the USA Patriot Act, have played a key role in the war on terrorism,' said Treasury secretary John Snow in a statement.

Previously, Sloan served with the Secret Service for 21 years, where he most recently managed protection of the president, vice president, former presidents and visiting foreign heads of state. He served as a police officer and investigator in Union County, N.J., prior to joining the Secret Service.

Sloan received a bachelor's degree in political science from Kean College of New Jersey, and he is a senior executive fellow at Harvard University's Kennedy School of Government.

About the Author

Mary Mosquera is a reporter for Federal Computer Week.

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