May 2011
PREPARED REMARKS OF BESS MICHAEL ASSOCIATE DIRECTOR, INTERNATIONAL PROGRAMS DIVISION FINANCIAL CRIMES ENFORCEMENT NETWORK U.S. DEPARTMENT OF THE TREASURY
Introduction
Today I would like to speak about two distinct issues, both involving international information exchange, and analogies that one may draw between the two issues. First, I will describe some ongoing developments in FinCEN’s work with its direct foreign counterparts, known as financial intelligence units (FIUs) and the Egmont Group of FIUs. I hope that this will give you a better sense of how governments around the world use the information that your institutions report to FinCEN to counter financial crime.