Prepared Remarks of Deputy Director Jamal El-Hindi

Deputy Director Jamal El-Hindi spoke to the Institute of International Bankers at their annual anti-money laundering seminar. The topics covered included:

• the final Customer Due Diligence rule;
• draft legislation requiring legal entities to provide beneficial ownership information at the company formation stage;
• the use of FinCEN’s Geographic Targeting Orders, or “GTOs” and
• a few other FinCEN activities.