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Article: Stanley E. Morris. (Department of the Treasury Director, Financial Crimes Enforcement Network) (Behind the Scenes) (Brief Article)
- Article from:
- American Banker
- Article date:
- July 25, 1994
CopyrightCOPYRIGHT 1994 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bankers were never crazy about being drafted into the war on drugs. Given a choice, many would sooner have burned their draft cards than marched through the thicket of paperwork involved in enforcing the money-laundering laws.
But the times are changing, and the Treasury Department's Stanley E. Morris is the man driving those changes.
Mr. Morris, head of the department's Financial Crimes Enforcement Network, or Fincen, wants to be as much a partner with banks as a drill sergeant.
The time is finally ripe for such an alliance, he said.
Many observers think he's just the man to make the partnership work. He's both a tough cop and an experienced policymaker who ...