February 2012
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 for the third time speaking at this FIBA conference. When I first spoke here four years ago, I discussed the important partnership between the government and the financial industry in fighting illicit financial activity, and in particular the many ways FinCEN provides feedback to help direct resources to the areas of greatest risk1. Two years ago, I addressed trade finance and money laundering, as well as how fraud and money laundering are interconnected, and FinCEN’s ongoing work to combat fraud.2