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Tag: treasury

Congress Should Return Secret Service to Treasury’s Oversight After Blunders

secret service photo

Michael D. Langan
Special to the Buffalo News

It is time for Treasury defenders in Congress to return the Secret Service to Treasury’s oversight.

When I served as senior adviser to the under secretary for enforcement at the U.S. Department of the Treasury from 1988 to 1998, the Secret Service was one of the proud standard bearers of the best agencies that the federal government could offer to its citizens.

It has been in decline lately because of a breakdown in leadership, morale, procedures and protocols.

As a result, the issue of who should oversee the Secret Service is on the front burner again.

Should it continue to be overseen by the Department of Homeland Security, as it has for the past 11 years, or return to the Treasury Department, where it resided for 138 years?

Here is some recent history.

The 9/11 Commission, established in 2002, recommended that the Secret Service and other elements of federal law enforcement be placed in a new, massive entity, the Department of Homeland Security. Ostensibly, this meant that law enforcement decision-making could be captured in one place without the problems of competing bureaucracies.

The commission’s intent was to make the United States safer from terrorist attacks after 9/11. Despite Homeland Security’s good efforts, things haven’t worked out for the Secret Service or, it seems, for other law enforcement agencies put in that same department. It could be argued that there are more competing bureaucracies within Homeland Security than before the mergers.

Sometimes bigger isn’t better; it’s bad. Confusion can reign because of conflicting rules, internal squabbles, budget insufficiencies and overlapping jurisdictions.

To read more click here.

Treasury Department Chooses Justice Department Investigator to Probe Financial Crimes

Steve Neavling
ticklethewire.com

The Treasury Department has tapped a top official with the Justice Department to investigate financial crimes, The Hill reports.

Jennifer Shasky Calver, who probed asset forfeiture and money laundering for the Justice Department since 2010, will replace outgoing Jim Freis.

Calvery plans to take over the Treasury’s Financial Crimes Enforcement Network (FinCen) in September.

“I am delighted to welcome Jennifer as the new FinCEN Director and as a key member of my senior leadership team. Her proven record of leadership and strong working relationships with Treasury, law enforcement and the federal bank regulatory agencies will be enormous assets to us as we work together to chart a course for FinCEN’s future,” said David Cohen, the Treasury’s under secretary for terrorism and financial intelligence, according to The Hill.