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July 12, 2022

The Role of the Federal Government in Attacking the Financial Networks of Cartels

Washington, DC – At 2 p.m. on Tuesday, July 12th, the Senate Caucus on International Narcotics Control will held a virtual hearing entitled “The Role of the Federal Government in Attacking the Financial Networks of Cartels.”  The hearing examined the financial techniques that drug cartels use to launder and protect their ill-gotten gains and actions federal agencies can take to stop them. 

Hearing transcript available here.

Opening Statements

CHAIRMAN (D - RI)

Sheldon Whitehouse

Sen. Whitehouse’s opening statement, as prepared for delivery.

CO-CHAIR (R - IA)

Chuck Grassley

Sen. Grassely’s opening statement, as prepared for delivery.

Witnesses

Under Secretary for Terrorism and Financial Intelligence, U.S. Department of the TreasurySecond Person

Assistant Secretary, Bureau of International Narcotics and Law Enforcement Affairs, U.S. Department of State

Department of Justice-Related Documents available here.

FACT Coalition Statement for the Record available here.