Young
Lee
Young Lee is Director for Financial Transparency and Regulatory Policy in the Office of Terrorist Financing and Financial Crimes at the U.S. Department of the Treasury. His team focuses on systemic initiatives to enhance the transparency of the domestic and international financial system, including bilateral and multilateral and multilateral engagement to promote transparency and anti-corruption initiatives; financial transparency regulatory policy under the Bank Secrecy Act (BSA) and related authorities; advancing the international standards on beneficial ownership transparency, virtual assets, and information sharing; and other efforts.
Previously, he was a Senior Policy Advisor on the team. In that role, he represented the Department in the U.S. delegation during negotiations in 2014 and 2015 of a law enforcement information sharing agreement between the U.S. and the European Union, which entered into force in February 2017. He has also represented Treasury at the Financial Action Task Force (FATF), the international standard-setting body for AML/CFT, and at the Middle East/North Africa and Asia/Pacific FATF-style regional bodies (MENAFATF and the Asia Pacific Group on Money Laundering (APG)), as well as in other bilateral and multilateral engagements. From 2018-2019, he was the Treasury representative on the U.S. delegation to the G-20 Anti-Corruption Working Group. In 2015, he served a part-time detail at the Department’s Financial Crimes Enforcement Network (FinCEN) to develop and draft the May 2016 Final Rule on Customer Due Diligence Obligations for Financial Institutions.
Certified by the FATF to assess jurisdictions under the FATF’s international AML/CFT standards, in 2017 and 2018 he was a financial assessor for the APG mutual evaluation of Burma, which report was published in September 2018.
Prior to joining the Treasury Department, he worked as an associate in private practice in New York City; as a law clerk to Judges Amalya L. Kearse and Susan L. Carney on the U.S. Court of Appeals for the Second Circuit; Judge Barbara S. Jones (ret.) on the U.S. District Court for the Southern District of New York; and then-Judge Ketanji B. Jackson, on the U.S. District Court for the District of Columbia. He is a graduate of Harvard College and Columbia Law School, where he was Editor-in-Chief of the Columbia Law Review.