Mission
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.
Latest News from TFI
Treasury Targets International Narcotics Trafficking Network Linked To La Familia Michoacana – On June 9, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated two individuals and two entities linked to the international drug trafficking organization La Familia Michoacana as Specially Designated Narcotics Traffickers (SDNTs). The designation targets Wenceslao Álvarez Álvarez (a.k.a. Wencho), frontman Ignacio Mejia Gutierrez, and two entities, Mega Empacadora de Frutas, S.A. de C.V. and Importaciones y Exportaciones Nobaro, S.A. de C.V. This action was taken pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act), which prohibits U.S. persons from conducting financial or commercial transactions with these individuals and entities and freezes any assets the designees may have under U.S. jurisdiction.
Treasury Action Targets Narcotics Trafficking Network in Mozambique, Builds on President Obama's Drug Kingpin Identification – On the heels of President Obama's identification of Mozambican drug kingpin Mohamed Bachir Suleman pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act), the U.S. Department of the Treasury designated three businesses in his narcotic trafficking network on June 1. Also pursuant to the Kingpin Act, Treasury's Office of Foreign Assets Control (OFAC) designated Grupo MBS Limitada, Grupo MBS – Kayum Centre, and Maputo Shopping Centre as Specially Designated Narcotics Traffickers for being owned or controlled by Suleman.
Treasury Targets Colombian Money Laundering Network Tied to the FARC – On May 6, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated Colombian money launderers Maria Mercedes Jimenez Urrego and Jorge Enrique Jimenez Urrego as drug kingpins due to their significant roles in international narcotics trafficking on behalf of drug trafficking organizations, including the Fuerzas Armadas Revolucionarias de Colombia (FARC). OFAC also named 17 other individuals and 12 entities as Specially Designated Narcotics Traffickers (SDNTs).
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Last Updated:
August 4, 2010
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