SECRETARY RUBIN ANNOUNCES NEW FINCEN DIRECTOR

"Jim Sloan's long and distinguished career with the Secret Service has preparedhim well to lead Treasury's Financial Crimes Enforcement Network," Secretary Rubinsaid. "FinCEN serves as a critical link among the law enforcement, financial andregulatory communities and maximizes the information-sharing network to prevent and detectfinancial crime."

Sloan, 52, currently serves as the Deputy Assistant Director of the Office ofProtective Operations with the Secret Service. Sloan began his 21-year tenure with theSecret Service in 1978 as a special agent in the New York Field Office. He has served inseveral investigative and managerial positions including as Special Agent in Charge(Boston Field Office); Special Agent in Charge of the Office of Investigations, AssistantSpecial Agent in Charge (Baltimore Field Office); Assistant to the Special Agent in Chargeof the Presidential Protective Division and Assistant Special Agent in Charge of theOffice of Administration. Prior to joining the Secret Service, he served in the UnitedStates Army from 1966 to 1969 and as a police officer in Union County, N.J. from 1970 to1978.

A native of Springfield, Mass., Sloan received his Bachelor of Arts in PoliticalScience from Kean College of New Jersey and is a Senior Executive Fellow with HarvardUniversity's Kennedy School of Government. Sloan has received numerous achievement andperformance awards throughout his distinguished law enforcement career.

Established in 1990, FinCEN supports the Administration's anti-money laundering effortsby supporting law enforcement investigations and operations through collection andanalysis of data, including Bank Secrecy Act filings. FinCEN assists Treasury and othergovernment agencies by providing trend analysis and threat assessments, regulatingfinancial and other institutions under the Bank Secrecy Act, and fostering internationalcooperation in efforts to deter and detect money laundering.