Criminal Division Head Lanny Breuer’s Statement on Money Laundering Section Chief’s Departure
By Elizabeth Murphy | August 22, 2012 11:13 am

Assistant Attorney General for the Criminal Division Lanny Breuer issued the following statement regarding Jennifer Shasky Calvery’s departure:

“Over the past two years, Jennifer Shasky Calvery has led the Asset Forfeiture and Money Laundering Section (AFMLS) with great distinction and helped to develop key initiatives aimed at maximizing the Criminal Division’s ability to seek forfeiture of criminal proceeds and fight money laundering on a global scale.  In 2010, we announced the creation of the Money Laundering and Bank Integrity Unit within AFMLS to focus on prosecuting financial institutions for doing business with sanctioned countries and for neglecting their compliance obligations under the Bank Secrecy Act.  Under Jennifer’s leadership, that Unit has secured forfeiture of nearly $1 billion from Barclays Bank, ING Bank, N.V., and other financial institutions.  In addition, following Attorney General Holder’s pledge to redouble the U.S. commitment to recovering foreign corruption proceeds, we developed a groundbreaking asset forfeiture initiative – the Kleptocracy Asset Recovery Initiative – to identify and forfeit the proceeds of foreign official corruption.  As part of this initiative, with Jennifer at the helm, AFMLS has secured the forfeiture of more than $3 million in assets from two former governors of different oil-producing states in Nigeria and filed two civil forfeiture complaints seeking approximately $70 million in real and personal property belonging to Teodoro Nguema Obiang Mangue, a high-ranking government official in Equatorial Guinea and the son of that country’s president.  In the past two years, AFMLS has also targeted the financial infrastructure used by the Mexican drug cartels and other forms of international organized crime to launder and spend their illegal proceeds, as well as the property needed to run their illegal businesses.  As part of this effort, AFMLS has brought cases to forfeit the gun inventory of firearms dealers who allegedly knowingly sold arms to the Mexican drug cartels and against professional money launderers for allegedly using the ‘Black Market Peso Exchange’ to introduce bulk cash into the banking system.  Although I will miss Jennifer’s leadership, AFMLS will continue building on her stellar record and developing its innovative approach to combating money laundering and related financial crimes.  I wish Jennifer well in her new post at the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), and look forward to working closely with her in her new capacity.”

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