As financial regulators, we have a shared responsibility when it comes to the effectiveness of the regime in place to protect our country and its citizens from organized financial crime. The law enforcement authorities also have a responsibility to adapt their efforts and capacities.
In closing, Ladies and Gentlemen, the challenges facing financial policymakers are daunting but we must maintain the momentum for undertaking courageous and bold reforms of our financial system. This is a journey we must make collectively, and the signing of today’s MOU is an excellent opportunity to make further progress.