The Fiscal Crimes Enforcement Network, or FinCEN, has recruited Michele Korver, formerly of the U.s. Section of Justice, to serve as the agency's first chief digital currency adviser.

In her role, Korver will be tasked with advancing "FinCEN's leadership part in the digital currency space by working across internal and external partners toward strategic and innovative solutions to prevent and mitigate illicit fiscal practices and exploitation," the agency announced on Tuesday.

Crypto investors may exist familiar with Korver, as she previously served equally digital currency counsel for the Department of Justice's criminal division. She also brash the Treasury Department'southward Financial Stability Oversight Council and adult policies around cryptocurrency seizure and forfeiture.

Korver likewise spent x years equally an banana attorney in the Office of the U.s.a. Attorney, where she prosecuted cybercrime and national security offenses. Equally Cointelegraph reported, Korver has been involved in crypto-focused Anti-Money Laundering operations with the Department of Homeland Security and individual technology companies since 2013.

Michael Mosier, FinCEN's acting director, commented on Korver's vast experience in crafting digital currency legislation:

"Michele brings a wealth of digital currency expertise, and will be a tremendous leader in coordinated efforts to maximize FinCEN's contribution to the innovative potential for financial expansion of opportunity while minimizing illicit finance risk."

In addition to recruiting for a digital currency adviser, FinCEN announced Tuesday that it has hired Jayna Desai, formerly of the U.Due south. Customers and Border Protection, as the agency'south showtime director of strategic communications.

FinCEN has singled out the cryptocurrency sector in its ongoing fight against money laundering. In early July, the agency announced that oversight of cryptocurrency transactions volition be among its top national priorities for Counter-Terrorist Financing and Anti-Money Laundering.

Related: FinCEN lists cryptocurrencies as top AML and CFT priorities

FinCEN authoritieshave also taken aim at unhosted cryptocurrency wallets, which they merits could increment AML and CTF risks. Those concerns were shared past the Fiscal Action Task Force, the intergovernmental body responsible for setting AML standards.

The cryptocurrency sector remains a height priority for securities regulators equally well. As Cointelegraph reported, the Securities and Exchange Commission recently charged a cryptocurrency issuer for "making materially false and misleading statements" in connectedness with an unregistered initial money offer from the 2017–2018 bull market.