Illicit Finance

The Trump Administration is committed to combating threats to America’s national security, and Treasury plays a critical role in that effort.  Treasury’s Office of Terrorism and Financial Intelligence (TFI) is tasked with using financial intelligence, expertise, and authorities to combat terrorist financing, money laundering, weapons proliferators, rogue regimes, human rights abusers, cyber criminals, and other threats to the United States and our allies.

TFI’s priorities include:

  • Combating Terrorist Financing: TFI is committed to disrupting the finances and operations of terrorist organizations across the globe. In 2017, the Trump Administration created and TFI launched a multinational Terrorist Financing Targeting Center in the Middle East to focus our efforts and disrupt the financial and support networks that enable terrorists.  TFI uses powerful economic authorities such as sanctions to cut terrorist groups off from the international financial system and dry up their sources of revenue.
  • Applying Maximum Economic Pressure on North Korea:  As North Korea continues to threaten international peace and security and brutalize its own people, TFI is applying maximum economic pressure to isolate the regime from outside sources of trade and revenue, disrupt illicit funding of its unlawful nuclear and ballistic missile programs, and address rampant human rights abuses.
  • Countering Iran’s Destabilizing Influence: President Trump has laid out a broad and comprehensive Iran strategy to counter Iran's support for terrorism, ballistic missile development, and human rights abuses.  TFI plays a central role in the Trump Administration’s strategy to counteract Iran, which is designed to neutralize their destabilizing influence and support for terrorists and militants.
  • Targeting Illicit Activity: TFI and its components – The Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC), the Office of Intelligence and Analysis, the Office of Terrorist Financing and Financial Crimes, and the Treasury Executive Office for Asset Forfeiture – protect the integrity of the American financial system and target illicit activity.  In addition to sanctions on terrorist groups, North Korea, and Iran, priorities include high-profile actions related to Venezuela, Russia, human rights abusers, drug kingpins, and cyber criminals.

More information on Treasury’s efforts is included here:

Treasury’s Illicit Finance Resource Center