Speeches

It is a pleasure to be back for the third time speaking at this FIBA conference. When I first spoke here four years ago, I discussed the important partnership between the government and the financial industry in fighting illicit financial activity, and in particular the many ways FinCEN provides…

Good morning. I very much welcome the opportunity to speak before the American Bankers Association/American Bar Association's annual money laundering enforcement conference for the fifth year in a row.

The role of the FIU in combating transnational organized crime,
including working within government, with overseas governments and with business

Good afternoon. I appreciate the opportunity to speak with you all today about the work we are doing at the Financial Crimes Enforcement Network – known as FinCEN. I know it was six years ago that my predecessor, Bill Fox, spoke before this conference, so I am happy to be in Nebraska…

This past year has been a busy one in the money services business (MSB) area. As you may recall when we last met, I provided an overview of what FinCEN was
trying to do with our efforts to bring a more comprehensive Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regime to the prepaid…

Introduction

Good afternoon. I think this conference - which brings together financial institutions, law enforcement and regulators - is a perfect forum for us to have a productive discussion on the work we are doing at the Financial Crimes Enforcement Network - known as FinCEN, as well as the value to…

Introduction

Today I would like to speak about two distinct issues, both involving international information exchange, and analogies that one may draw between the two issues. First, I will describe some ongoing developments in FinCEN's work with its direct foreign counterparts, known as…

Good morning. Today, I think that it is important that I focus my remarks on what FinCEN is trying to do to address a vulnerability in our Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regime as it relates to mortgage brokers, and how this effort fits into FinCEN’s overall initiative to…

Let me begin today the same way that my colleagues at FinCEN and I have begun many discussions over the past year as we sat down with individual depository institutions around the country: "Please tell me about your institution and how you seek to serve your customers." Followed perhaps by, "…