October 2008

Good afternoon. A year ago, I addressed the 2007 ABA/ABA Money Laundering Enforcement Conference for the first time as the Director of the Financial Crimes Enforcement Network.¹I discussed a series of initiatives undertaken by FinCEN as part of the Department of the Treasury’s effort to achieve regulatory effectiveness and efficiency.

Good morning. It is a pleasure to join you all today for the Mexico Bankers Association’s 10th Anti-Money Laundering and Financing Terrorism International Seminar. It is an honor to be back in Mexico following my visit in February of this year when the Financial Crimes Enforcement Network (FinCEN) and the Unidad de Inteligencia Financiera (UIF), the Mexican financial intelligence unit, co-hosted a training seminar for Central American Egmont financial intelligence unit (FIU) members in Mexico City.