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Newsletter | Articles US Expert Praises Island's Role in Tackling Money Laundering The positive part played by the Isle of Man in the global war against financial crime has been highlighted by a key official from one of the US Treasury's main anti-money laundering agencies. William F. Baity, deputy director of the Financial Crimes Enforcement Network (FinCen), spoke of the Island's involvement with his and other agencies when he delivered the Chief Minister's International Lecture in June. Mr Baity told 120 guests from the private sector and government that the Isle of Man regularly provided information to FinCen. Mr Baity acknowledged the support given by the Isle of Man in global efforts against financial crime. On the issue of the Island's reputation, he advised a move away from the label 'offshore', which had connotations that could not be overcome, to something like 'independent financial centre'. 'Perception is reality and you will struggle as long as people talk about offshore.' he observed. In terms of communicating the reality of the Isle of Man to the US Government, he said there were many different components of the administration in the States, with constantly changing personnel. It was therefore vital for the Island to keep going back to the US, and to a range of bodies, to get its message across.