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 (groups and state-sponsored), money launderers, drug cartels, and other national security threats.
The Office of Terrorism and Financial Intelligence is overseen by the Under Secretary of the Treasury for Terrorism and Financial Intelligence. Since its founding in 2004, the office has been directed by three under-secretaries -Stuart A. Levey, David S. Cohen and Adam J. Szubin - all of whom, according to Philip Weiss, have worked as associates in the same law firm, Sullivan & Cromwell.Sullivan & Cromwell is the same law firm that Alan Dulles, the famous CIA Director, was a partner. The current under-secretary is Sigal Mandelker
TFI oversees the Office of Terrorist Financing and Financial Crimes, the Office of Intelligence and Analysis, the Office of Foreign Assets Control, the Financial Crime Enforcement Network and the Treasury Executive Office for Asset Forfeiture.
The U.S. Treasury Department is the only national finance ministry with its own in-house intelligence agency, with offices around the world, including Islamabad and Abu Dhabi.
The secretary of the treasury is the head of the United States Department of the Treasury, which is concerned with all financial and monetary matters relating to the federal government, and, until 2003, also included several major federal law enforcement agencies. The secretary of the treasury is the principal economic advisor to the president of the United States and plays a critical role in policy-making by bringing an economic and government financial policy perspective to issues facing the federal government. The secretary of the treasury is a member of the United States Cabinet, and is nominated by the president of the United States. Nominees for Secretary of the Treasury undergo a confirmation hearing before the United States Senate Committee on Finance, prior to a vote by the United States Senate.
The Department of the Treasury (USDT) is the national treasury 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 coins, while the treasury executes its circulation in the domestic fiscal system. The USDT 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.
The Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury that collects and analyzes information about financial transactions in order to combat domestic and international money laundering, terrorist financing, and other financial crimes.
The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. 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 states as well as a variety of other organizations and individuals, like terrorist groups, deemed to be a threat to U.S. national security.
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.
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.
The Terrorist Finance Tracking Program (TFTP) is a United States government program to access financial transactions on the international SWIFT network that was revealed by The New York Times, The Wall Street Journal and The Los Angeles Times in June 2006. It was part of the Bush administration's War on Terrorism. After the covert action was disclosed, the so-called SWIFT Agreement was negotiated between the United States and the European Union.
Hezbollah Bayt al-Mal, AKA Hezbollah Bayt al-Mal Lil Muslimeen, is a Hezbollah-controlled organization that performs financial services for the organization. In Arabic, the term is used as "House of Money."
Yousser Company for Finance and Investment is a bank that was part of the first Canadian lawsuit against a bank over terrorist funding.
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.
Operation Green Quest was a U.S. interagency investigative unit formed in October 2001 after the September 11 attacks. Sponsored by the United States Customs Service, it was concerned with the surveillance and interdiction of terrorist financing sources. It was disbanded in June 2003 pursuant to an agreement between the Department of Homeland Security and the Department of Justice.
Juan Carlos Zarate was a Deputy Assistant to the President and Deputy National Security Advisor for Combating Terrorism during the George W. Bush administration. He currently serves as the Chairman and Co-Founder of the Financial Integrity Network, a Washington, D.C.-based consulting firm, and as Senior Adviser at the think tank Center for Strategic and International Studies, Transnational Threats Project.
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 Obama asked Levey to remain in his position and Levey was one of only a small number of Senate-confirmed Bush appointees to be held over. Levey served until March 2011. Levey played a central role in the efforts to combat North Korea's and Iran's allegedly illicit conduct in the international financial system. Prior to his nomination, Levey served as the Principal Associate Deputy Attorney General at the U.S. Department of Justice. He had previously served as an Associate Deputy Attorney General and as the Chief of Staff of the Deputy Attorney General. He was succeeded by David S. Cohen. In January 2012, Levey joined HSBC as the bank's Chief Legal Officer. In May 2020, he was appointed CEO of the Libra Association.
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.
Jimmy Gurulé is an American attorney, academic and government official, who is a Professor at Notre Dame Law School, teaching criminal law courses. He was the first Hispanic Assistant Attorney General in the United States.
David Aufhauser served as the General Counsel of the United States Treasury Department from 2001 to 2004. After 9/11, Aufhauser was a key player in disrupting and freezing further terrorist activity against the United States. He is best known for running the federal government's programs to go after terrorist financing, a major strategy in the war on terror. He ran the National Security Council Committee on Terrorist Financing; oversaw the legal departments of important agencies and divisions within the U.S. Treasury Department including International Banking, Domestic Banking, the U.S. Customs Service, IRS criminal and civil divisions, ATF, Financial Crimes and Money Laundering, and United States Secret Service; and supervised the federal government's multi-agency antiterrorism task force. In his numerous briefings before the House and Senate, he emphasized the importance of teaching tolerance and respect, often making clear distinctions between the vast majority of peaceful people in the Middle East and the practitioners of “counterfeit religion” who prayed on hopelessness to recruit terrorists.
The Assistant Secretary for Terrorist Financing is an office of the United States government within the United States Treasury Department.
David S. Cohen is an American attorney who served as Deputy Director of the Central Intelligence Agency (CIA) from 2015 to 2017. Originally from Boston, Cohen previously worked at the U.S. Treasury Department and as an attorney in private practice. At Treasury, among other posts, he served as the Under Secretary for Terrorism and Financial Intelligence where he gained the nickname of “sanctions guru”.
Adam Jacob Szubin is an American lawyer and former government official. Szubin served as the Acting Under Secretary for Terrorism and Financial Intelligence and the Acting Secretary of the Treasury of the United States. He served as the acting secretary from January to February 2017 after the resignation of Treasury Secretary Jack Lew and Deputy Treasury Secretary Sarah Bloom Raskin during the 2017 presidential transition. He previously served as the Director of Treasury's Office of Foreign Assets Control (OFAC).