April 2010
Statement of James H. Freis, Jr., Director, Financial Crimes Enforcement Network, United States Department of the Treasury
Chairman Moore, Ranking Member Biggert, and distinguished Members of the Subcommittee, I am Jim Freis, Director of the Financial Crimes Enforcement Network (FinCEN), and I appreciate the opportunity to appear before you today to discuss the findings and recommendations from two recent Government Accountability Office (GAO) reports, (1) Anti-Money Laundering: Improved Communication Could Enhance the Support FinCEN Provides to Law Enforcement; and, (2) Bank Secrecy Act: Suspicious Activity Report Use is Increasing, but FinCEN Needs to Further Develop and Document Its Form Revision Process.