Under Secretary of The Treasury For Terrorism and Financial Intelligence - Overview

Overview

The Under Secretary heads the Office of Terrorism and Financial Intelligence (TFI). Both were created when the administration of President Bush announced on May 8, 2004, that the Executive Office of Terrorist Financing and Financial Crimes (TFFC), the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and allocated resources from the Treasury Department would be brought under the new office's control. The Under Secretary for Terrorism and Financial Intelligence also possesses oversight of the Office of Intelligence and Analysis (Treasury Department). The Federal Reserve remains outside the jurisdiction of this office,and cannot be investigated by it.