F3A: Strategic Objective F3A
Disrupt and Dismantle Financial Infrastructure of Terrorists, Drug Traffickers, and Other Criminals and Isolate Their Support
Networks
Other Information:
The Department of the Treasury leads the U.S. Government’s multi-faceted effort to keep the world’s financial systems free
and open to legitimate users, while excluding those who wish to use the systems for illegal purposes. The broad range of activities
in this area includes stopping the flow of money to terrorist groups, drug traffickers, and other criminals, disrupting their
support networks. Stemming the flow of funds to terrorist groups is critical to our national security and the overall war
against terrorism. Treasury works closely with other federal agencies–both as chair of the National Security Council’s Policy
Coordination Committee (PCC) on terrorist financing and through other relationships–foreign governments, international bodies,
and private financial institutions to attack the financial infrastructure of terrorism. Fundamental components of this effort
include identifying, blocking, and dismantling terrorist financial support networks; isolating them from their funding sources;
and denying them access to the international financial system. The Executive Office for Terrorist Financing and Financial
Crimes (EOTFFC) is at the forefront of these efforts. Through its work with the Office of Foreign Assets Control (OFAC) and
the Financial Crimes Enforcement network (FinCEN), and through direct outreach to foreign countries and international bodies
such as the Financial Action Task Force (FATF), the EOTFFC works to ensure that all countries are cooperating and implementing
appropriate measures in this effort. Abuse of the financial system, however, is not limited to terrorist financing. Treasury
continues to focus on other types of abuses and, in particular, money laundering by organized criminals, narcotics traffickers,
and corrupt foreign officials. Treasury will continue efforts to deny money launderers access to the U.S. and international
financial systems through law enforcement and appropriate financial regulatory initiatives, as well as cooperation with foreign
countries and international bodies such as the FATF. Treasury is dedicated to attacking money laundering and disrupting all
abuses of the domestic and international financial systems. To further this effort, Treasury coordinates development of the
National Money Laundering Strategy; issues and implements money laundering regulations; investigates financial crimes, and
collects, analyzes and disseminates financial intelligence to support foreign and domestic law enforcement investigations.
Treasury also investigates and enforces compliance with U.S. tax laws.
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