After a nearly two-decade long federal government career which culminated in four long and successful years of cracking down on U.S. persons who dare to have bank accounts where they live, Jennifer Shasky Calvery has resigned from her position as director of FinCEN to join HSBC, says Reuters.
FinCEN (the Financial “Crimes” Enforcement Network) is the agency of the U.S. Treasury Department which imperiously refuses to use its clear statutory authority to exempt emigrants and accidental Americans (not even eight-month-old babies) from pointless, duplicative FBAR paperwork and threatens us with life-altering fines for innocent errors, while HSBC is a London-headquartered bank which laundered billions for Mexican drug cartels while burying ordinary accountholders under byzantine “anti-money-laundering” procedures. I’m sure Ms. Shasky Calvery will fit right in at her new office.
Early media reports have not clarified where Ms. Shasky Calvery will be located for her new posting, but for her sake she’d better hope it’s not at the head office in the UK — where she’d get to experience for the first time the misery she inflicted on the rest of us with that clunky, barely-functional online-only system for filing FBARs. (Meanwhile, Homelanders who want to file paper forms for their ordinary, law-abiding financial activities continue to be able to do so.)
