According to United States Department of Justice, Galeotti identified transnational criminal organizations, particularly those in Mexico and the Western Hemisphere, along with Chinese money laundering organizations (CMLOs) and rogue nation-states like North Korea and Iran, as significant threats. CMLOs, in particular, play a crucial role in facilitating the repatriation of funds for cartels and purchasing precursor chemicals. The Department's efforts have led to the charging or conviction of thirty individuals involved in laundering money for drug trafficking organizations.

Furthermore, Galeotti discussed the focus on prosecuting individuals and companies that enable money laundering activities. He cited the prosecution of TD Bank for facilitating money laundering for drug traffickers as a landmark case. The Department continues to target money laundering networks supporting fraudsters, sanctions evaders, and hackers, with efforts to recover victims’ funds and disrupt illicit networks.

Galeotti also addressed the issue of sanctions evasion, highlighting actions against North Korean government schemes and Iran's continued efforts to exploit the U.S. financial system. He stressed the importance of partnerships with U.S. financial institutions to counter these threats and hold malicious actors accountable.

Galeotti urged the private sector to cooperate with the Department, emphasizing the role of financial institutions as the first line of defense against suspicious transactions. He introduced revisions to the Criminal Division's Corporate Enforcement Policy, encouraging self-reporting, cooperation, and remediation to avoid charges and penalties.

The address concluded with a call for compliance and cooperation in safeguarding the economy and American people, highlighting the expansion of the whistleblower program, which has already received numerous credible tips warranting further investigation. The Department remains committed to aggressively pursuing white-collar enforcement and holding bad actors accountable.