O’Melveny Worldwide

Bloomberg Law: US Money Laundering Team Is at Crossroads as New Leaders Named

October 12, 2022

The US Department of Justice has hired Brent Wible, a manager in the Criminal Division’s Fraud Section, as chief of the Money Laundering and Asset Recovery Section (MLARS) and Molly Moeser to serve as the unit’s second-in-command. According to interviews with 32 former DOJ employees, the white-collar office would benefit from more aggressive leadership, swift decision making, and added trial experience. “On the litigation front, I have seen MLARS handle more and more significant money-laundering cases” and “when you look at the breadth of MLARS responsibilities, it is so much—it’s across the nation and across the world,” said O’Melveny partner AnnaLou Tirol, who collaborated with MLARS on a consistent basis in her former role as deputy director of the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN).

Bloomberg Law subscribers can read the full article here.