Disagreement at all on those points. As it relates to areas i just dont think there is use for the laws at the exchange level. Know your customer, those kinds of provisions. The greatest challenge, the greatest area we have to grapple with is how do we enforce the enforcement techniques. And the fact that this is a global phenomenon. This is something that was just issued in march of this year. The guidance that directors just talk about, the Financial Action task force, their guidance on this issue was just issued this summer, i think in july. My sense is that most of the world is not applying Money Laundering principles. Getting from here to there is really the issue that the four of us would have to grapple with. Thank you. How do you go about reconciling the consensus . Ill take the second part first. I dont know that i heard a lot of disagreement or anything we would generally disagree with from this panel or even really from the first panel. I was heartened by that. I think that
Has been involved and the City Attorney and dbi and the Police Department involved and but we dont seem to have a real full systematic approach were not sure we can have all the resources but i need help the da is here i need help to figure out how to have a Strong Community City Department approach to deal with a systematic problem and looking at it from a store front by store front basis doesnt help im reaching out to the District Attorney and want the conversations for the strong approach for, you know, this commercial corridor thats, you know, an incredible neighborhood in San Francisco but surfer from those conditions absolutely and, you know, well reach tout out to you for a conversation by specifically the kind of work lends itself to Start Connecting the dots early open youre not doing the ones and twos as an isolated incident and having the prosecutors have the arms and tools to have the understanding this is not only on a isolated incident this may be a way to funnel money in
Introducing the two speakers. We have the director from the [speaker not understood] jany oconnell, [speaker not understood], shell be doing the first present and then we have a presentation from [speaker not understood] from kpmg. This is part of the normal annual audit process and they report on their audit for the prior year and plans for the coming year and thats what theyre doing today. Thank you. Hi, good morning, my name is annie, [speaker not understood] im [speaker not understood]. I have a Powerpoint Presentation i have a Powerpoint Presentation that i would like to present to you today. Can you show that on the screen . Thanks. Im here to present three different reports to you today. The first report is the citys comprehensive annual Financial Report on what is otherwise known as the cafr. Its the citys basic Financial Statements. Also to report on findings that we had from the audit and included in the report to the government audit and oversight committee. The third report
Phones and electronic devices. Completed speaker cards and copies of any documents to be included as part of the file should be submitted to the clerk. Items acted upon today will appear on the june 3rd board of supervisors agenda unless otherwise stated. Okay. L can you please call the first item . Item number 1 is a hearing to receive a report from the citys external auditors regarding their audit of the citys annual Financial Statements for fiscal year ending june 30, 2013, and their audit plan for the upcoming engagement for fiscal year ending june 30, 2014. Okay. Hi, good morning, supervisors. My name is carmen la frank. Im the Controllers Office representative and ill be introducing the two speakers. We have the director from the [speaker not understood] jany oconnell, [speaker not understood], shell be doing the first present and then we have a presentation from [speaker not understood] from kpmg. This is part of the normal annual audit process and they report on their audit for
Priority, and were encouraged by the progress we have made thus far. Thank you for inviting me to testify before you today. Thank you so much for being here. For the meeting you had with our staff and me last week, and for your testimony. Thank you. Ms. Raman, pleasero proceed. Thank you for the opportunity to come before the committee to discuss the departments work. At the Justice Department, we look at virtual kerracies through the lenls of criminal Law Enforcement. We recognize that the currency could be an illegal means of exchange, and we also recognize that criminals will always seek to take advantage of new technologies to commit further or hide their crimes. Our responsibility as prosecutors is to insure that we continue to enforce the law even in new technological settings and to prevent criminals from using those technologies to create zones of impunity. As i will describe in mire testimony today, the department of justice has been aware of the threat posed by Virtual Curren