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February 17, 2006 

OFAC Director Werner Named Director of FinCEN

Treasury Secretary John W. Snow today announced that Robert W. Werner will be the new Director of the Financial Crimes Enforcement Network (FinCEN). Werner currently serves as the Director of the Office of Foreign Assets Control (OFAC). Werner replaces William Fox, who departed FinCEN in January to pursue a career in the private sector. Barbara Hammerle, OFAC's Assistant Director, will serve as Acting OFAC Director.

Update: Robert Werner's testimony
on OFAC's role in blocking weapons of mass destruction funding pursuant to Executive Order 13382 that was presented last week at a hearing held by the Oversight Subcommittee of the House Committee on Financial Services can be found at the following link.

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