FinCEN's proposed expansion of anti-money laundering rule gains support With the expansion of the white-collar crime of money laundering into financial adviser sectors, federal officials are looking to extend regulations to those areas. (Photo via Unsplash+ in collaboration with Getty Images) The Treasury Department's Financial Crimes Enforcement Network, typically referred to as FinCEN, has in recent months amped up efforts to stop money laundering. FinCEN's latest proposals are designed to close loopholes that officials say foreign and domestic criminals use to launder money through U.S. financial sectors. This week, the changes got support from Capitol Hill and beyond. Seven U.S. Senators sent a letter to Treasury Secretary Janet Yellen...
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