Prepared Statement by Assistant Secretary Daniel L. Glaser Before the House Committee on Foreign Affairs: Emerging Threats and Security in the Western Hemisphere: Next Steps for U.S. Policy

October 13, 2011

The Western Hemisphere is a region of particular importance to the Treasury Department and critical to our mission of safeguarding the U.S. financial system. Our economic and financial institutions are fundamentally intertwined with those of our neighbors, most notably Mexico, a country confronting vicious transnational criminal organizations (TCOs) whose tentacles extend into the United States. Illicit financial activity in one corner of the region will inevitably find its way across our borders and into our financial institutions.

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