October 2006

Good afternoon. I’m very pleased to be speaking with you today. I have found that opportunities to engage in public-private dialogues of this sort are extremely important to our efforts to continue developing and maintaining an effective partnership. I have been the Director of the Financial Crimes Enforcement Network for seven months; long enough to have had the chance to assess the significant issues we are working to address and to formulate views on the strategic direction we need to take in order to maximize the impact of the Bank Secrecy Act regulatory scheme.