Terrorism and Financial Intelligence

Terrorism and Financial Intelligence develops and implements U.S. government strategies to combat terrorist financing domestically and internationally, develops and implements the National Money Laundering Strategy as well as other policies and programs to fight financial crimes.
​The Office of Terrorism and Financial Intelligence (TFI) marshals the department's intelligence and enforcement functions with the twin aims of safeguarding the financial system against illicit use and combating rogue nations, terrorist facilitators, weapons of mass destruction (WMD) proliferators, money launderers, drug kingpins, and other national security threats.
Headed by an Under Secretary, the Office of Terrorism and Financial Intelligence (TFI) marshals the Treasury Department's policy, enforcement, regulatory, and intelligence functions to sever the lines of financial support to international terrorists, WMD proliferators, narcotics traffickers, money launderers, and other threats to our national security.
Two components of TFI are led by Assistant Secretaries. The Office of Terrorist Financing and Financial Crimes (TFFC), is the policy and outreach apparatus for TFI.  The Office of Intelligence and Analysis (OIA) is responsible for TFI's intelligence functions, integrating the Treasury Department into the larger intelligence community (IC), and providing support to both Treasury leadership and the IC.
TFI also oversees several component offices and bureaus. The Office of Foreign Assets Control (OFAC) administers and enforces economic and trade sanctions. The Treasury Executive Office for Asset Forfeiture (TEOAF) administers the Treasury Forfeiture Fund (TFF), which is the receipt account for the deposit of non-tax forfeitures. Responsible for administering the Bank Secrecy Act (BSA) and other regulatory functions is one of Treasury's bureaus, the Financial Crimes Enforcement Network (FinCEN), which supports law enforcement investigative efforts and fosters interagency and global cooperation against domestic and international financial crimes. It also provides U.S. policy makers with strategic analyses of domestic and worldwide trends and patterns. The director of FinCEN reports directly to the Under Secretary. TFI also works in close partnership with the IRS Criminal Investigative Division (IRS-CI) to enforce laws against terrorist financing and money laundering, including the Bank Secrecy Act.
Under Secretary - Sigal Mandelker
Assistant Secretary (Terrorist Financing) -  Marshall Billingslea
Assistant Secretary (Intelligence and Analysis) - Vacant
Deputy Assistant Secretary (Analysis and Production) - Danny McGlynn
Deputy Assistant Secretary (Intelligence Community Integration) - Everette Jordan
Deputy Assistant Secretary (Security) - Michael Mason

Designations are an important resource in TFI's prosecution of the war on financial terror. With them, TFI is able to freeze the assets of individuals and groups who seek out to commit terrorist acts, as well as those entities who attempt to support them. When examining individuals or organizations for potential designation, the United States works in conjunction with authorities from several other nations, and with international organizations, such as the European Union and the United Nations. For more, please visit Sanctions, OFAC's Specially Designated Nationals List and FinCEN's Advisories

Financial Action Task Force (FATF)​ is an international policy-making and standard-setting body dedicated to combating money laundering and terrorist financing. Created by the G-7 in 1989 in response to a growing concern about money laundering, the FATF's mission is to monitor members' progress in implementing necessary measures, review money laundering and terrorist financing techniques and counter-measures, and promote the adoption and implementation of appropriate measures globally. Members of the TFI staff chair the U.S. delegation to the FATF, and it has been an important organization resource in centralizing efforts to combat money laundering and terrorist financing. The delegation, which also includes members of the Departments of State and Justice, the National Security Council, and federal financial regulators, develops U.S. positions, represent the U.S. at FATF meetings, and implement actions domestically to meet the U.S. commitment to the FATF. For more information, please visit http://www.fatf-gafi.org/.
Protecting Charitable Organizations from terrorist abuse is a critical component of the global fight against terrorism. Charities provide essential services, comfort, and hope to those in need around the world. Unfortunately, terrorists have exploited the charitable sector to raise and move funds, provide logistical support, encourage terrorist recruitment, or otherwise support terrorist organizations and operations. This abuse threatens to undermine donor confidence and jeopardizes the integrity of the charitable sector, whose services are indispensable to the world community.
Hawala & Alternative Remittance Systems provide fast and cost-effective methods for worldwide remittance of money or value, particularly for persons who may be outside the reach of the traditional financial sector. In some nations hawala is illegal, in others the activity is considered a part of the “gray” economy. It is therefore difficult to accurately measure the total volume of financial activity associated with the system, however, it is estimated that the figures are in the tens of billions of dollars, at a minimum. The very features which make hawala attractive to legitimate customers (mainly expatriates remitting money to relatives in their home country) ---efficiency, anonymity, and lack of a paper trail---also make the system attractive for the transfer of illicit funds. On October 31, 2001 the Financial Action Task Force (FATF) released the Eight Special Recommendations on Terrorist Financing which, when combined with the FATF Forty Recommendations on money laundering, set out the basic framework to detect, prevent, and suppress the financing of terrorism and terrorist acts.
Terrorist Finance Tracking Program (TFTP) was initiated after the terrorist attacks on September 11, 2001 to identify, track, and pursue terrorists – such as Al-Qaida – and their networks. Since that time, the TFTP has provided valuable leads that have aided in the prevention or investigation of many of the most visible and violent terrorist attacks and attempted attacks of the past decade.
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Last Updated :5/23/2018 11:19 AM