November 2006
STATEMENT OF ASSOCIATE DIRECTOR, FOR REGULATORY POLICY AND PROGRAMS, JAMAL EL-HINDI, FINANCIAL CRIMES ENFORCEMENT NETWORK, UNITED STATES DEPARTMENT OF THE TREASURY
Chairman Coleman, Senator Levin, and distinguished Members of the Subcommittee, thank you for the opportunity to appear before you today to discuss the Financial Crimes Enforcement Network’s (FinCEN) ongoing efforts to address money laundering and terrorist financing concerns associated with the lack of transparency in the ownership of certain legal entities. I appreciate the Subcommittee’s interest in this important issue, and your continued support of our efforts to help prevent illicit financial activity.