Office of Intelligence and Analysis (Treasury Department)

Last updated
Office of Intelligence and Analysis
Seal of the United States Department of the Treasury.svg
Seal of the United States Department of the Treasury
Office overview
Formed2004
Preceding office
  • Office of National Security (ONS)
Jurisdiction Executive branch of the United States
Office executive
  • Shannon Corless, Assistant Secretary of the Treasury for Intelligence and Analysis
Parent department U.S. Department of the Treasury
Website Official website

The Office of Intelligence and Analysis (OIA) is an agency of the United States Department of the Treasury responsible for the receipt, analysis, collation, and dissemination of foreign intelligence and counterintelligence information related to the operation and responsibilities of the Treasury Department.

Contents

Organized within the Office of Terrorism and Financial Intelligence, OIA’s efforts inform and support the Treasury Department’s ability to address illicit finance and national security threats to the U.S. such as terrorists, proliferators, rogue regimes, and criminal actors. [1]

History

In its own account, the Office of Intelligence and Analysis traces its lineage to the pre-Constitutional Confederation Period and a 1782 instruction by the Congress of the Confederation to Robert Morris, Superintendent of Finance of the United States, to root out fraud in the Army.

In 1961, the Treasury Department established a foreign intelligence capability, the Office of National Security (ONS), and charged by Treasury Secretary Douglas Dillon to connect the Treasury Department with the broader efforts of the National Security Council. In 1977, ONS was overhauled and renamed the Office of Intelligence Support (OIS) by Treasury Secretary Michael Blumenthal. [2]

Inclusion of the Treasury Department in the Intelligence Community

The United States Intelligence Community (IC) as a formal collection of agencies was created through Executive Order 12333 ("United States Intelligence Activities") signed by President Ronald Reagan on December 4, 1981. The U.S. Department of Treasury was given intelligence responsibilities through instructions to the United States Secretary of the Treasury:

(a) Overtly collect foreign financial and monetary information;

(b) Participate with the Department of State in the overt collection of general foreign economic information;

(c) Produce and disseminate foreign intelligence relating to United States economic policy as required for the execution of the Secretary's responsibilities.

— "Goals, Direction, Duties And Responsibilities with Respect to the National Intelligence Effort: The Department of the Treasury", United States Intelligence Activities, Executive Order 12333

Authorizing legislation

The U.S. Congress created the Office of Intelligence and Analysis itself as a part of the Intelligence Authorization Act of 2004. [3]

Congress followed up the next year with the Consolidated Appropriations Act, 2005. The Act organized OIA under an umbrella Office of Terrorism and Financial Intelligence (TFI), alongside the Office of Foreign Assets Control (OFAC) and the Office of Terrorist Financing and Financial Crimes. The leadership of OIA was made an Assistant Secretary appointed by the President with the advice and consent of the Senate. [4]

With the rest of the U.S. Intelligence Community, OIA was subject to the Intelligence Reform and Terrorism Prevention Act that replaced the Director of Central Intelligence with the Director of National Intelligence. [5]

Activities

With the creation of the TFI and the OIA, the Treasury Department established two secure networks for national security information: Treasury Secure Data Network (TSDN), for information classified Secret and Confidential and Treasury Foreign Intelligence Network (TFIN), classified as Top Secret and Sensitive Compartmentalized Information. [6] The data from the TFIN system is shared by OIA with the Secretary of the Treasury, the Deputy Secretary of the Treasury, the Under Secretary for TFI, the Undersecretary for International Affairs, OFAC, the Financial Crimes Enforcement Network (FinCEN) and other components. [7] An audit of the Treasury Inspector General states that TFIN was established for 30 users, but by 2008 had grown to "approximately 130." [8]

In 2006, Eric Lichtblau and James Risen wrote about the Treasury's participation in disrupting terrorist financing following the Bush administration's signing of Executive Order 13224 which invoked the President's International Emergency Economic Powers Act authorities against suspected terrorists. The article described the Treasury's Terrorist Finance Tracking Program in which it worked with two Intelligence Community members (the Central Intelligence Agency and National Security Agency) to obtain and exploit data from Society for Worldwide Interbank Financial Telecommunication (SWIFT). Responding to the article, Treasury Under Secretary for TFI Stuart Levey acknowledged the existence of the program and defended the Terrorist Finance Tracking Program as both legal and effective. The article noted claims that the data had been crucial to the capture of Riduan Isamuddin. [9] [10]

Subsequent to the exposure of the Terrorist Finance Tracking Program, the Privacy and Civil Liberties Oversight Board (PCLOB) staff wrote a memorandum summarizing the issues raised and provided a list of questions about the program to the Board. On November 26, 2006 the PCLOB sat through a briefing about the OIA's role Terrorist Finance Tracking Program, including the OIA's analysis of the SWIFT data obtained through administrative subpoena. [11] [12]

In 2006 testimony to the United States Senate Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies, Assistant Secretary for OIA Janice B. Gardner stated that OIA initiated weekly targeting sessions, led by TFI Undersecretary Stuart A. Levey and including officials from OIA, OFAC, and FinCEN and produced written assessments of possible foreign terrorist financing through non-governmental organizations. The same remarks credited OIA for authorship of 50 of its own cables, and its participation in the drafting and coordination of the National Intelligence Estimates and Central Intelligence Agency studies. [13]

In the Global War on Terror, OIA led the establishment of the Iraq Threat Finance Cells blending intelligence, military and law enforcement personnel to help identify and interdict funding streams to terrorist and insurgent networks. The model was later reproduced with the Afghan Threat Finance Cell. [14] [15] [16] [17]

A December 2019 U.S. Government Accountability Office (GAO) study of Treasury counternarcotics activities found that Office of Foreign Assets Control uses OIA-produced assessments before and after the designation of individuals for sanctions under the Kingpin Act. [18]

A March 2020 GAO study of sanctions programs estimated that OIA personnel devote "approximately half of their time" to work on sanctions implementation. [19]

Performance measures

Though OIA is an intelligence agency, it is nevertheless subject to the Government Performance and Results Act and required to identify "key factors external to the agency and beyond its control that could significantly affect the achievement of the general goals and objectives."

In 2022, the TFI reports one performance highlight related to the Office of Intelligence and Analysis, "customer satisfaction with OIA products," in its Budget-in-Brief for Fiscal Year 2023.

"Performance Highlights" from the U.S. Department of the Treasury FY 2023 Budget-in-Brief [20]
Budget ActivityPerformance MeasureFY 2021 ActualFY 2022 ActualFY 2023 Target
Terrorism and Financial IntelligencePercent customer satisfaction with OIA products70%74%74%

Related Research Articles

<span class="mw-page-title-main">United States Department of the Treasury</span> United States federal executive department

The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and minting coins, while the treasury executes currency circulation in the domestic fiscal system. It collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes.

<span class="mw-page-title-main">Financial Crimes Enforcement Network</span> Bureau of the U.S. Treasury Department

The Financial Crimes Enforcement Network (FinCEN) is a bureau within the United States Department of the Treasury that collects and analyzes information about financial transactions to combat domestic and international money laundering, terrorist financing, and other financial crimes.

<span class="mw-page-title-main">Office of Foreign Assets Control</span> Agency of the United States Department of the Treasury

The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the United States Treasury Department. It administers and enforces economic and trade sanctions in support of U.S. national security and foreign policy objectives. Under presidential national emergency powers, OFAC carries out its activities against foreign governments, organizations, and individuals deemed a threat to U.S. national security.

Foreign Terrorist Organization (FTO) is a designation for non-United States-based organizations deemed by the United States secretary of state, in accordance with section 219 of the Immigration and Nationality Act of 1965 (INA), to be involved in what US authorities define as terrorist activities. Most of the organizations on the list are Islamist extremist groups; the rest are nationalist/separatist groups, or Marxist militant groups.

<span class="mw-page-title-main">Homeland Security Act of 2002</span> Post-9/11 United States law establishing the Department of Homeland Security

The Homeland Security Act (HSA) of 2002, was introduced in the aftermath of the September 11 attacks and subsequent mailings of anthrax spores. The HSA was cosponsored by 118 members of Congress. The act passed the U.S. Senate by a vote of 90–9, with one Senator not voting. It was signed into law by President George W. Bush in November 2002.

The USA PATRIOT Act was passed by the United States Congress in 2001 as a response to the September 11, 2001 attacks. It has ten titles, each containing numerous sections. Title III: International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001 is actually an act of Congress in its own right as well as being a title of the USA PATRIOT Act, and is intended to facilitate the prevention, detection and prosecution of international money laundering and the financing of terrorism. The title's sections primarily amend portions of the Money Laundering Control Act of 1986 and the Bank Secrecy Act of 1970.

<span class="mw-page-title-main">Under Secretary of the Treasury for Terrorism and Financial Intelligence</span>

The Under Secretary for Terrorism and Financial Intelligence is a position within the United States Department of the Treasury responsible for directing the Treasury's efforts to cut the lines of financial support for terrorists, fight financial crime, enforce economic sanctions against rogue nations, and combat the financial support of the proliferation of weapons of mass destruction. The Under Secretary is appointed by the President and confirmed by the Senate.

<span class="mw-page-title-main">Rewards for Justice Program</span> Interagency Rewards Program

Rewards for Justice Program (RFJ) is United States Department of State's national security interagency program that offers reward for information leading to the location or an arrest of leaders of terrorist groups, financiers of terrorism, including any individual that abide in plotting attacks carried out by foreign terrorist organizations. RFJ directly addresses the foreign threat by identifying entities such as key leaders and financial mechanism of the foreign terrorist organizations. RFJ's mission objective is to obtain information that will protect American lives in best interest of U.S. national security. RFJ is managed by the Diplomatic Security Service (DSS) administered by the U.S. State Department Office Bureau of Diplomatic Security.

Yousser Company for Finance and Investment is a bank that was part of the first Canadian lawsuit against a bank over terrorist funding.

The Islamic Resistance Support Association is a charity used to raise funds for Hezbollah and pay for the services it offers in Lebanon.

Financial intelligence (FININT) is the gathering of information about the financial affairs of entities of interest, to understand their nature and capabilities, and predict their intentions. Generally the term applies in the context of law enforcement and related activities. One of the main purposes of financial intelligence is to identify financial transactions that may involve tax evasion, money laundering or some other criminal activity. FININT may also be involved in identifying financing of criminal and terrorist organisations. Financial intelligence can be broken down into two main areas, collection and analysis. Collection is normally done by a government agency, known as a financial intelligence organisation or Financial Intelligence Unit (FIU). The agency will collect raw transactional information and Suspicious activity reports (SAR) usually provided by banks and other entities as part of regulatory requirements. Data may be shared with other countries through intergovernmental networks. Analysis, may consist of scrutinizing a large volume of transactional data using data mining or data-matching techniques to identify persons potentially engaged in a particular activity. SARs can also be scrutinized and linked with other data to try to identify specific activity.

<span class="mw-page-title-main">United States Assistant Secretary of the Treasury</span> United States federal position

A United States Assistant Secretary of the Treasury is one of several positions in the United States Department of the Treasury, serving under the United States Secretary of the Treasury.

<span class="mw-page-title-main">Stuart A. Levey</span> American government official

Stuart A. Levey was the first Under Secretary for Terrorism and Financial Intelligence within the United States Department of the Treasury. He was sworn in on July 21, 2004 as a political appointee of President George W. Bush. President Barack Obama asked Levey to remain in his position and Levey was one of only a small number of Senate-confirmed Bush appointees who served in the Obama Administration. After leaving the government, Levey joined the private sector as chief legal officer of HSBC, CEO of Diem Association and chief legal officer of Oracle.

The counter-terrorism page primarily deals with special police or military organizations that carry out arrest or direct combat with terrorists. This page deals with the other aspects of counter-terrorism:

The Office of Terrorist Finance and Financial Crimes (TFFC) is an agency of the United States federal government in the United States Department of the Treasury. Under the supervision of the Under Secretary for Terrorism and Financial Intelligence, the TFFC is policy development and outreach office for the Under Secretary and works across all elements of the national security community – including the law enforcement, regulatory, policy, diplomatic and intelligence communities – and with the private sector and foreign governments to identify and address the threats presented by all forms of illicit finance to the international financial system.

<span class="mw-page-title-main">Office of Terrorism and Financial Intelligence</span> United States government agency

The Office of Terrorism and Financial Intelligence (TFI), formed in 2004, is an agency of the United States Department of the Treasury. TFI works to reduce the use of the financial system for illicit activities by terrorists, money launderers, drug cartels, and other national security threats.

Qatar has been accused of allowing terror financiers to operate within its borders, which has been one of the justifications for the Qatar diplomatic crisis that started in 2017 and ended in 2021. In 2014, David S. Cohen, then United States Under Secretary of the Treasury for Terrorism and Financial Intelligence, accused Qatari authorities of allowing financiers who were on international blacklists to live freely in the country: "There are U.S.- and UN-designated terrorist financiers in Qatar that have not been acted against under Qatari law." Accusations come from a wide variety of sources including intelligence reports, government officials, and journalists.

<span class="mw-page-title-main">Assistant Secretary of the Treasury for Terrorist Financing</span>

The Assistant Secretary for Terrorist Financing is an office within the United States Treasury Department, tasked with formulating, coordinating, and executing the U.S. government's counterterrorism financing and anti-money laundering strategies. The office is positioned under the purview of the Undersecretary for Terrorism and Financial Crimes. Appointed by the President of the United States with Senate approval, this position directly responds to global counterterrorism efforts.

<span class="mw-page-title-main">David S. Cohen (attorney)</span> American attorney (born 1963)

David Samuel Cohen is an American attorney who has served as deputy director of the Central Intelligence Agency (CIA) since January 20, 2021, previously holding the position from February 9, 2015 to January 20, 2017. He served as acting director of the CIA from January 20 to March 19, 2021 until the Senate confirmation of William J. Burns.

References

  1. ↑ "Congressional Budget Justification and Annual Performance Report and Plan FY 2021" (PDF). treasury.gov. Department of the Treasury Office of Terrorism and Financial Intelligence. p. 15. Archived from the original (PDF) on 22 Oct 2020. Retrieved 20 March 2022.
  2. ↑ "Strategic Direction: Fiscal Years 2012-2015" (PDF). US Treasury. p. 8. Archived from the original (PDF) on 16 Sep 2012. Retrieved 18 December 2014.
  3. ↑ Intelligence Authorization Act for Fiscal Year 2004, Title I, Sec. 105, "Office of Intelligence and Analysis of the Department of the Treasury." (Pub. L. Tooltip Public Law (United States)  108–177 (text) (PDF) , H.R. 2417 , 117  Stat.   2603 , enacted December 13, 2003)
  4. ↑ Consolidated Appropriations Act, 2005, Title II § 313, "Terrorism and financial intelligence."Pub. L. Tooltip Public Law (United States)  108–447 (text) (PDF) , H.R. 4818 , 118  Stat.   3243 , enacted December 8, 2004
  5. ↑ "Intelligence Reform and Terrorism Prevention Act of 2004." Pub. L. Tooltip Public Law (United States)  108–458 (text) (PDF) , S. 2845 , 118  Stat.   3638 , enacted December 17, 2004
  6. ↑ "Department of the Treasury Security Classification Guide" (PDF). FAS.org. Federation of American Scientists. 3 December 2010. Archived from the original (PDF) on 12 Oct 2021. Retrieved 21 March 2022.
  7. ↑ "FY 2008 Justification for Appropriations and Performance Plans" (PDF). treasury.gov. OIA - TFIN Transfer from DSCIP +$3,000,000 / +0 FTE: United States Department of the Treasury. p. 22. Archived from the original (PDF) on 12 April 2021. Retrieved 21 March 2022.{{cite web}}: CS1 maint: location (link)
  8. ↑ "OIG-08-040 CAPITAL INVESTMENTS: Treasury Foreign Intelligence Network Project Experienced Delays and Project Management Weaknesses" (PDF). Oversight.gov. Office of Inspector General Department of the Treasury. p. 6. Archived from the original (PDF) on 15 May 2021. Retrieved 21 March 2022.
  9. ↑ Lichtblau, Eric; Risen, James (23 June 2006). "Bank Data Is Sifted by U.S. in Secret to Block Terror". The New York Times . Archived from the original on 10 March 2022. Retrieved 21 March 2022.
  10. ↑ "Statement of Under Secretary Stuart Levey on the Terrorist Finance Tracking Program". treasury.gov. United States Department of the Treasury. Archived from the original on 24 September 2006. Retrieved 21 March 2022.
  11. ↑ "Background Briefing - Terrorist Finance Tracking Program". National Archives Catalog. Privacy and Civil Liberties Oversight Board. Archived from the original on 21 March 2022. Retrieved 21 March 2022.
  12. ↑ "First Annual Report to Congress, March 2006 – March 2007". Privacy and Civil Liberties Oversight Board. 30 April 2007. Archived from the original on 21 March 2022. Retrieved 21 March 2022– via National Archives Catalog.
  13. ↑ "Testimony of Janice Gardner, Assistant Secretary Office of Intelligence and Analysis U.S. Department of the Treasury Senate Appropriations Subcommittee on Transportation, Treasury, the Judiciary, Housing and Urban Development, and Related Agencies". Treasury.gov. United States Department of the Treasury. Archived from the original on 21 March 2022. Retrieved 21 March 2022.
  14. ↑ Ireland, Leslie (15 September 2017). "21st Century Intelligence - The Need for a One-Team-One-Fight Approach". PRISM. 7 (1). Retrieved 21 March 2022.
  15. ↑ Daugherty Miles, Anne (8 Nov 2016). "Intelligence Community Spending: Trends and Issues" (PDF). Congressional Research Service: 20. Archived (PDF) from the original on 2022-03-21.
  16. ↑ "Under Secretary for Terrorism and Financial Intelligence Stuart Levey Testimony Before the Senate Committee on Finance". treasury.gov. United States Department of the Treasury. 1 April 2008. Archived from the original on 19 Oct 2011. Retrieved 21 March 2022.
  17. ↑ Conway, J. Edward (5 July 2012). "Analysis in Combat: the Deployed Threat Finance Analyst". Small Wars Journal. Retrieved 21 March 2022.
  18. ↑ U.S. Government Accountability Office. "GAO-20-112 Counternarcotics" (PDF). GAO.gov. pp. 32–34. Archived from the original (PDF) on 1 Apr 2021. Retrieved 21 March 2022.
  19. ↑ "Economic Sanctions: Treasury and State Have Received Increased Resources for Sanctions Implementation but Face Hiring Challenges". GAO.gov. U.S. Government Accountability Office. Archived from the original on March 14, 2020. Retrieved 21 March 2022.
  20. ↑ "Terrorism and Financial Intelligence" (PDF). treasury.gov. U.S. Department of the Treasury. p. 3. Retrieved 29 March 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.