Statement of James H. Freis, Jr., Director, Financial Crimes Enforcement Network, United States Department of the Treasury
Chairwoman Capito, Ranking Member Maloney, 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 FinCEN’s ongoing role in the Administration’s efforts to establish a meaningful regulatory framework for new payment methods entering into the financial system.