FinCEN has hired Michael Mosier as its new acting director

Michael Mosier will start his role at the Financial Crimes Enforcement Network (FinCEN) on April 11 this year after Kenneth A. Blanco, the current director, departs.

Mosier’s pick to lead the FinCEN demonstrates the governments increased interest in the blockchain and cryptocurrency sector going by the fact that Mosier was a chief technician at Chainalysis, a blockchain analysis company that provides research, services, software, and data to exchanges, government agencies, financial institutions, insurance & cybersecurity companies in over 50 countries across the globe.

Chainalysis data platform provides compliance, investigation and risk management tools that have played a key role in solving some of the world’s most high-profile cybercrimes including those involving cryptocurrencies.

The outgoing director, Blanco, will be remembered for his firm stance that the cryptocurrency industry is subject to the already existing regulations and therefore does not need the formation of its legal framework.

Mosier is not new to the FinCEN

Before being selected to become the acting director after Blanco’s exit, Mosier worked as the Deputy Secretary of the Treasury’s counsellor, a position he assumed last month. He has also previously served as the first Digital Innovation Officer and Deputy Director at FinCEN.

The position of the deputy director will go to AnnaLou Tirol, a former FinCEN Strategic Operations Division associate director.