22 Facts About James Freis

James Freis was an attorney and central banker at the Federal Reserve Bank of New York and the Bank for International Settlements.

James Freis's mother is a retired nurse and social worker.

James Freis graduated in 1969 from Villanova Law School, before departing to Germany with the US Army from 1970 to 1972.

James Freis became a Chartered Financial Analyst charterholder in 2002.

James Freis joined the Federal Reserve Bank of New York's legal department as an Attorney in 1996, where he advised on financial market regulations, payment and settlement system issues at wholesale and retail levels, and foreign government and central bank accounts.

James Freis provided legal support and helped staff the Treasury's Office of Terrorism and Financial Intelligence which was created in 2004, including supervising the legal counsel to the Financial Crimes Enforcement Network, the Office of Foreign Assets Control, and the Treasury Executive Office for Asset Forfeiture.

James Freis served as lead negotiator on behalf of the United States Government on sensitive counter-terrorism programs and contributed to the Terrorist Finance Tracking Program, and was responsible for developing international financial measures against rogue states, such as part of Treasury's efforts against Iran and North Korea.

James Freis was appointed Director of the Financial Crimes Enforcement Network on March 5,2007, by United States Secretary of the Treasury Hank Paulson.

On June 22,2006, Secretary Paulson visited FinCEN and together with Director James Freis launched initiatives to improve FinCEN's Regulatory efficiency and effectiveness.

James Freis initiated rulemaking requiring financial institutions to collect information on beneficial owners of accounts.

James Freis initiated rulemaking to implement a Congressional mandate to collect data on cross-border electronic transfers of funds, which was supported by law enforcement but faced criticism from the financial industry for potentially collecting too much data, and which has not yet been implemented.

James Freis promoted greater sharing of information among financial institutions, including on a cross-border basis.

Under James Freis, FinCEN worked closely with counterpart regulators and the financial intelligence unit in Mexico, and in law enforcement efforts along the Southwest Border.

James Freis left FinCEN after an apparent disagreement over how independent FinCEN should be as a Bureau of the Treasury Department.

James Freis joined the firm's international banking and financial institutions practice and advised on enforcement and regulatory matters.

James Freis was appointed effective April 1,2014, as the new Chief Compliance Officer for the Deutsche Borse Group, to oversee compliance as well as responsibilities towards supervisory authorities, among all Group entities.

On May 8,2020, Wirecard AG, the payments processor and financial services provider based in Germany announced that effective July 1,2020, James Freis would be joining as Executive board member.

On June 18,2020, Wirecard announced James Freis had joined the Management Board with immediate effect, earlier than his planned start date of July 1.

Later that evening, James Freis was introduced by Markus Braun in a video in which Braun announced that Wirecard might have been the victim of fraud in connection with its funds held in overseas bank trustee accounts.

On June 25,2020, less than a full week after having joined Wirecard, James Freis decided to initiate insolvency proceedings.

James Freis continued to oversee day-to-day operations of Wirecard, and announced to staff on September 11,2020, that he was stepping down from management at Wirecard.

James Freis is active with fintech and startup companies, including these affiliations:.