On August 2-3, 2023, Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes, Elizabeth Rosenberg and Acting Director of the Financial Crimes Enforcement Network, Himamauli Das, convened with their counterparts from the Government of Mexico. The meeting took place at the Strategic Dialogue on Illicit Finance (SDIF) event in Mexico City. The SDIF was co-hosted by the U.S. Department of the Treasury and Mexico’s Unidad de Inteligencia Financiera. This information was shared in a recent update by Paul Hastings LLP.
The meeting highlights various international efforts to intensify scrutiny over financial activities to curb illicit activities such as money laundering and terrorist financing. The roles of Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes and the Acting Director of the Financial Crimes Enforcement Network are primary authorities to lead such proactive measures within the United States.
Such dialogues and bilateral meetings between nations can serve to strengthen regulatory foundations and standards for financial transactions. They can enable nations to better detect and prevent financial crime, while easing restrictions on law-abiding businesses and individuals.
While additional specifics beyond those shared in the daily financial regulation update were not immediately available, the event indicates the United States’ continued efforts to effectively regulate in order to prevent financial crime. As shared in previous updates, these efforts include not only regulations and enforcement actions, but also cooperative international discussions and engagements.