On February 22, 2024, FinCEN announced that Director Andrea Gacki traveled to Puerto Rico from February 20-22 to attend the 20th Annual Puerto Rico Bankers Association Symposium of Anti-Money Laundering and to meet with Puerto Rican officials to discuss illicit finance threats. Gacki’s engagement with Puerto Rican financial institutions and officials highlights FinCEN’s collaborative efforts to combat public corruption, fraud, and drug trafficking.

The FinCEN Exchange was co-hosted by the United States Attorney’s Office for the District of Puerto Rico to enhance collaboration between law enforcement and federally chartered commercial banks in Puerto Rico. FinCEN and law enforcement highlighted the significant value that Suspicious Activity Reports contribute to law enforcement efforts to combat illicit finance. Participants shared views on ways to broaden communication to support law enforcement’s efforts in Puerto Rico and discussed drug trafficking, money laundering, and related issues on the island.

Read FinCEN’s press release here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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