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.

Under Secretary Nelson will join us for a moderated conversation on these critical issues and outline a broad agenda for a way forward in fighting corruption and illicit finance. This conversation will be moderated by Kimberly Donovan, Director of the Economic Statecraft Initiative at the Atlantic Council.

Full transcript of public remarks.

Speaker

Brian E. Nelson
Under Secretary for Terrorism and Financial Intelligence,
US Department of the Treasury

Moderator

Kimberly Donovan
Director, Economic Statecraft Initiative, GeoEconomics Center,
Atlantic Council


Housed within the GeoEconomics Center, the Economic Statecraft Initiative (ESI) publishes leading-edge research and analysis on sanctions and the use of economic power to achieve foreign policy objectives and protect national security interests.

At the intersection of economics, finance, and foreign policy, the GeoEconomics Center is a translation hub with the goal of helping shape a better global economic future.

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