Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at Banking Roundtable in San Juan, Puerto Rico

As Prepared for DeliveryThank you all for coming together today for this important discussion.I am Brian Nelson, the U.S. Treasury’s Under Secretary for Terrorism and Financial Intelligence, or ‘TFI’. The offices I lead, which include the Office of Foreign Assets Control, known as OFAC, the Office of Intelligence and Analysis, or OIA, the Office of Terrorist Financing and Financial Crimes, TFFC, the Treasury Executive Office for Asset Forfeiture, or TEOAF, and the Financial Crimes Enforcement Network, or FinCEN, are tasked with deploying our financial intelligence, expertise, and economic authorities to combat terrorist financing, money laundering, weapons proliferators, corrupt actors, and other national security threats.I am in San Juan to meet with you, as well as my government counterparts, to discuss the full range of our shared priorities to combat illicit financial activities and implementing strong AML/CFT standards to regulate the financial sector.You are on the front lines of combatting