Gacki to join Citi as Global Head of Sanctions after stepping down as FinCEN director, bringing decades of experience in financial crime and sanctions compliance.

Gacki to Join Citi as Global Head of Sanctions after Leaving FinCEN

Gacki to join Citi marks one of the most significant leadership moves in the financial compliance sector this year. The U.S. Treasury announced that Andrea Gacki, director of the Financial Crimes Enforcement Network (FinCEN), will step down from her government role after 25 years of public service to become Citigroup's Global Head of Sanctions. She is expected to begin her new position on October 1.

Andrea Gacki Ends 25 Year Government Career

Andrea Gacki has served at both the U.S. Treasury Department and the Department of Justice, building a reputation as a leading expert in sanctions enforcement and anti money laundering efforts. Since taking charge of FinCEN in 2023, she has overseen key initiatives aimed at combating financial crime and strengthening regulatory enforcement.

The Treasury said Gacki will remain with FinCEN for several weeks to ensure a smooth leadership transition before officially joining Citi.

Jenna Casanova Named Acting FinCEN Director

Following Gacki's departure, career Treasury official Jenna Casanova has been appointed acting director of FinCEN.

Casanova previously served as senior adviser to the Treasury's undersecretary for terrorism and financial intelligence. She also played an important role in the investigation that led to a record $1.3 billion Treasury fine against TD Bank, part of a broader $3 billion settlement over anti money laundering violations.

Citi Strengthens Sanctions Leadership

Citigroup said Gacki will join its Independent Compliance Risk Management leadership team, where she will help clients navigate an increasingly complex global sanctions environment.

Brent McIntosh, Citi's Chief Legal Officer and Corporate Secretary, welcomed the appointment and praised Gacki's expertise. "Few leaders can match Andrea Gacki's depth of experience in sanctions and financial crime. Her history of thoughtful and proactive leadership makes all of us at Citi excited to have her joining as our Global Head of Sanctions," McIntosh said.

What the Appointment Means

Gacki's move highlights the increasing demand for experienced regulatory leaders within the private banking sector. As global sanctions, anti money laundering regulations and financial crime risks continue to evolve, major financial institutions are investing heavily in compliance leadership.

Business Fortune believes her appointment is expected to strengthen Citi's ability to navigate complex international regulations while reinforcing its global compliance framework.

 

FAQs

Who is Andrea Gacki?
Andrea Gacki is the outgoing director of the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) and a longtime sanctions and financial crime expert.

What position will Gacki hold at Citi?
She will become Global Head of Sanctions, joining Citi's Independent Compliance Risk Management leadership team.

When will Andrea Gacki join Citi?
She is scheduled to begin her new role on October 1.

Who will replace Gacki at FinCEN?
Jenna Casanova has been appointed acting director of FinCEN.

Why is this appointment significant?
It is of significance because it brings one of the U.S. government's top sanctions and anti money laundering experts to Citigroup, strengthening the bank's global compliance and sanctions capabilities.