Former Chainalysis Executive Michael Mosier Becomes FinCEN Head

The Financial Crimes Enforcement Network (FinCEN) announced on Friday a key leadership change as Director Kenneth A. Blanco is stepping down and Michael Mosier taking over as the acting Director.

Blanco will step down on April 9, and Mosier, who is a former FinCEN Deputy Director, will assume the apex post on April 11.

Mosier is taking over the charges of the financial crimes agency from his current role as a counselor to the Deputy Secretary of the Treasury, which he took last month. However, his most interesting tenure was at Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term firm, Chainalysis, where he served as the Chief Technical Counsel.

He joined FinCEN in February 2020 after his nine-month-long role at the New York-based blockchain company.

Mosier spent most of his career at public offices. Previously, he was an Associate Director at Treasury’s Office of Foreign Assets Control and also served as a Deputy Chief in the Department of Justice’s money laundering and asset recovery section. Moreover, he had a stint as the Director of transnational organized crime at the White House National Security Council.

Will Crypto Policy Get a Boost?

His role at FinCEN could be crucial for the blockchain industry as the agency is trying to impose strict roles on blockchain-based transactions. FinCEN earlier proposed strict know-your-customer rules on crypto companies that will end the anonymity of crypto transactions.

With Mosier as the Head of the agency, these rules on crypto might get prioritized. However, it is to be seen if he will take a lenient approach to the industry or will impose harsh rules.

Apart from Mosier, FinCEN appointed AnnaLou Tirol, a former Associate Director of FinCEN’s Strategic Operations Division, as the Deputy Director.