FinCEN announced that Jamal El-Hindi will be FinCEN’s new deputy director. El-Hindi joined FinCEN in 2006 where he was head of the former regulatory policy and programs division. He previously served as associate director for the policy division before becoming acting deputy director in January 2015. As deputy director, he will be working with law enforcement, intelligence, and the financial and regulatory communities to ensure the effective coordination of AML/CFT initiative.
Bankers: Local lending at risk if stablecoin payment of interest loophole isn’t closed
Warning of the potential fallout for banks and the communities they serve, bank leaders from across the U.S. are urging Senate leaders to use the Clarity Act to close a loophole that allows digital asset service providers to...








