On February 15, the Atlantic Council’s Economic Statecraft Initiative within the GeoEconomics Center will host a conversation featuring Brian Nelson, Treasury’s Under Secretary for Terrorism and Financial Intelligence—on regulatory reforms to the US anti-money laundering/countering the financing of terrorism (AML/CFT) regime to strengthen efforts to combat illicit finance and financial crime.

Illicit actors constantly develop new and fine-tune existing sophisticated mechanisms to evade and circumvent sanctions, launder money, and hide their involvement in illicit finance and financial crimes. This activity threatens the stability and integrity of the global financial system and harms millions of people who fall victim to financial crime. Combatting this activity is increasingly important for governments and financial institutions.