May 2010
PREPARED REMARKS OF JAMES H. FREIS, JR. DIRECTOR, FINANCIAL CRIMES ENFORCEMENT NETWORK U.S. DEPARTMENT OF THE TREASURY
It is a pleasure to be back with you today at the Institute of International Bankers' International Banking Anti-Money Laundering Seminar. It was at this seminar three years ago that I gave my first public speech to a large banking industry group, not long after having assumed my current responsibilities as Director of FinCEN. I felt particularly at home here in New York and among international bankers, as I have been throughout my career.
Statement of Charles M. Steele, Deputy Director, Financial Crimes Enforcement Network, United States Department of the Treasury
Chairman Levin, Ranking Member Camp, and distinguished Members of the Committee, I am Charlie Steele, Deputy Director of the Financial Crimes Enforcement Network (FinCEN), and I appreciate the opportunity to appear before you today to discuss the mission and regulatory authorities of FinCEN and to offer some perspectives on potential money laundering vulnerabilities in the traditional, brick-and-mortar gambling industry, which FinCEN has been regulating and proactively analyzing for 15 years, most recently illustrated in the 17th edition of the SAR Activity Review,i publ