FinCEN Director Werner to Enter Private Sector
Robert W. Werner, who has served as Director of the Treasury Department's Financial Crimes Enforcement Network (FinCEN) since March 2006, has announced that he will leave the agency at the end of this year to become head of Merrill Lynch's Monetary and Financial Control Group and its Bank Compliance Group. Prior to joining FinCen, Werner served as Director of the Treasury Department's Office of Foreign Assets Control (OFAC). Deputy Director William F. Baity will act as FinCEN Director effective upon Werner's departure.