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 Designates Al Haramain Islamic Foundation – On June 19, the U.S. Department of the Treasury designated the Al Haramain Islamic Foundation (AHF) for having provided financial and material support to al Qaida, as well as a wide range of designated terrorists and terrorist organizations. This action targets the entirety of the AHF organization, including its headquarters in Saudi Arabia. Evidence demonstrates that the AHF organization was involved in providing financial and logistical support to the al Qaida network and other terrorist organizations designated by the United States and the United Nations.
Treasury Lifts Sanctions on Chinese Firm – On June 19, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) removed the China Great Wall Industry Corporation (CGWIC), and its U.S. subsidiary, G.W. Aerospace, from the list of Specially Designated Nationals. CGWIC, a Chinese entity, was designated on June 13, 2006, pursuant to Executive Order 13382, for providing material support to Iran's missile program. G.W. Aerospace, which is located in Torrance, California, was designated for being owned or controlled by CGWIC.
Treasury Targets Hizballah in Venezuela – On June 18, the U.S. Department of the Treasury designated two Venezuela-based supporters of Hizballah, Ghazi Nasr al Din and Fawzi Kan'an, along with two travel agencies owned and controlled by Kan'an. "It is extremely troubling to see the Government of Venezuela employing and providing safe harbor to Hizballah facilitators and fundraisers. We will continue to expose the global nature of Hizballah's terrorist support network, and we call on responsible governments worldwide to disrupt and dismantle this activity," said Adam J. Szubin, Director of the Office of Foreign Assets Control (OFAC).
More TFI News & Information
Speeches
and Testimony
Key Issues
Last Updated:
June 19, 2008
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