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FinCEN to Share Information with Senate Intelligence Committee

Summary:
As noted in Wednesday’s post, FinCEN — the Treasury’s Financial Crimes Enforcement Network — was asked by the Senate Intelligence Committee about information regarding connections between Russia and Trump and his associates. News reports indicate that FinCEN will provide the requested information. From Reuters: A unit of the U.S. Treasury Department that fights money laundering will provide financial records to an investigation by the Senate into possible ties between Russia and President Donald Trump and his associates, the Wall Street Journal reported on Friday, citing people familiar with the matter. The Senate Intelligence Committee asked for the records from the Treasury’s Financial Crimes Enforcement Network, or FinCEN, late last month, the Journal cited the people as saying.

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As noted in Wednesday’s post, FinCEN — the Treasury’s Financial Crimes Enforcement Network — was asked by the Senate Intelligence Committee about information regarding connections between Russia and Trump and his associates. News reports indicate that FinCEN will provide the requested information.

From Reuters:

A unit of the U.S. Treasury Department that fights money laundering will provide financial records to an investigation by the Senate into possible ties between Russia and President Donald Trump and his associates, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The Senate Intelligence Committee asked for the records from the Treasury’s Financial Crimes Enforcement Network, or FinCEN, late last month, the Journal cited the people as saying. (on.wsj.com/2qbNL7K)

One person said the records were needed to decide whether there was collusion between Trump associates and Russia during the 2016 campaign, the Journal said.

Menzie Chinn
He is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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