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 Bank Mellat Subsidiary and Chairman Under Proliferation Authority – On November 5, the U.S. Department of the Treasury today designated First East Export Bank (FEEB), a Bank Mellat subsidiary located in Malaysia, under Executive Order (E.O.) 13382 for being owned or controlled by Bank Mellat. Treasury also designated the Chairman of Bank Mellat, Ali Divandari, for acting on behalf of Bank Mellat. E.O. 13382 freezes the assets of designated proliferators of weapons of mass destruction and their supporters and prohibits U.S. persons from engaging in any transactions with them.
Treasury Removes Three Former Terrorist Supporters from Specially Designated Nationals List – On November 3, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) removed Patricia Rosa Vinck, Barakaat International, and Barakaat International Foundation from its Specially Designated Nationals List, having found that Vinck and the two entities no longer present a significant threat of supporting terrorism. The action was taken in conjunction with a removal of the three names from the United Nations' 1267 Sanctions Committee (U.N. 1267 Committee) Consolidated List of individuals and entities subject to U.N. sanctions measures.
Treasury Designates North Korean Bank and Banking Official As Proliferators of Weapons of Mass destruction – On October 23, the U.S. Department of the Treasury designated Amroggang Development Bank (Amroggang) as a proliferator of weapons of mass destruction under Executive Order (E.O.) 13382 for being owned or controlled by North Korea's Tanchon Commercial Bank (Tanchon). Treasury also designated Tanchon's President, Kim Tong Myong. Tanchon, which is sanctioned by the United States under E.O. 13382 and the UN Security Council under Resolution (UNSCR) 1718 for its involvement in North Korea's proliferation activities, is a commercial bank based in Pyongyang, North Korea. E.O. 13382 freezes the assets of designated proliferators of weapons of mass destruction and their supporters and prohibits U.S. persons from engaging in any transactions with them.
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Last Updated:
November 6, 2009
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