it looks like fincen will deliver that improvement, and if it does, that's a big win. particularly if it lines up with -- that rule lines up with our beneficial ownership rule. and if it extends to cover commercial as well as residential real estate. in congress we should pass legislation to help fincen address professional aiders and abettors. there's bipartisan legislation in the house, the enablers act, which i hope to introduce here in the senate. i've also introduced bipartisan legislation to make it a crime for foreign officials to demand bribes from americans. at the moment, it's only a crime to pay bribes. and we should pay close attention to others in the dark economy. like drug traffickers and terrorists. i'm working on legislation to target money laundering related to the illicit narcotics trade. indeed, we had a hearing on it today. finally, we need to work together with the international community. when u.s. defenses are strengthened, kleptocrats will direct their dirty money to some other willing sanctuary. so it matters that the biden administration has

and so finn seng, registering under of money service business [inaudible] triggers a number of fincen regulations and ellzey lbsa and lcft regulations. they've been working on this for many years. or some of the initiatives on what was called virtual guidance was issued in 2014. they lead some of the international work. this is an area of strong focus. they understand and want to enforce stronger, they have stronger implementation and enforcement. as i understand it, some of the issues are related to activities abroad, exchanges abroad, and with the financial action task force they are working globally to try to improve implementation. this is an area, also, for the administration more broadly, which they will, are working on it will be announcing more work on in the coming weeks. >> great, thank you for that. so let me go back to the report that your working group put out in some of the credential concerns. one of the areas that you've talked about is to address the concerns about systemic risk and concentration of economic power. and then in there it states, supervisors should have