Office of Terrorism and Financial Intelligence
The Office of Terrorism and Financial Intelligence (TFI), formed in 2004,[1] is an agency of the United States Department of the Treasury. TFI works to reduce the use of the financial system for illicit activities by terrorists (groups and state-sponsored), money launderers, drug cartels, and other national security threats.
The Office of Terrorism and Financial Intelligence is headed by the Under Secretary of the Treasury for Terrorism and Financial Intelligence who is appointed by the president and confirmed by the Senate. The position was vacant after the departure of Sigal Mandelker in October 2019. In December 2021, Brian E. Nelson was confirmed by the Senate in a 50-49 vote as the next Under Secretary.[2]
TFI oversees the
The U.S. Treasury Department is the only national finance ministry with its own in-house intelligence agency, with offices around the world, including Islamabad and Abu Dhabi.[4]
History
The TFI was founded in 2004. Its first Under Secretary was
On May 26, 2021, President Joe Biden nominated Nelson to serve as Under Secretary of the Treasury for Terrorism and Financial Intelligence.[7] On June 22, 2021, the Senate's Banking Committee held hearings on Nelson's nomination. The committee deadlocked on his nomination on October 5, 2021, in a party-line vote.[8] The entire Senate discharged his nomination from the committee on October 19, 2021, in a 50-49 vote.[9] On December 2, 2021, Nelson was confirmed by the Senate in a 50-49 vote.[2]
References
- ^ "Testimony of Under Secretary Cohen before the Senate Subcommittee on Financial Services and General Government". the U.S. Department of the Treasury. 2 April 2014. Retrieved 10 January 2017.
- ^ a b "On the Nomination (Confirmation: Brian Eddie Nelson, of California, to be Under Secretary for Terrorism and Financial Crimes)". US Senate. Retrieved 12 February 2022.
- ^ "Terrorism and Financial Intelligence". www.treasury.gov. Retrieved 8 July 2015.
- ^ Liberto, Jennifer (16 February 2010). "Treasury's quiet war". CNN. Retrieved 8 July 2015.
- ^ "PN172 - Nomination of Sigal Mandelker for Department of the Treasury, 115th Congress (2017-2018)". 21 June 2017.
- ^ "Trump's Top Sanctions Official Departing for Private Sector". Bloomberg.com. 2 October 2019.
- ^ "President Biden Announces More Key Administration Nominations". The White House. 2021-05-26. Retrieved 2021-05-28.
- ^ "PN604 — Brian Eddie Nelson — Department of the Treasury 117th Congress (2021-2022)". US Congress. Retrieved 12 February 2022.
- ^ "On the Motion to Discharge (Motion to Discharge: Brian Eddie Nelson to be Under Secretary for Terrorism and Financial Crimes, from the Committee on Banking, Housing, and Urban Affairs)". US Senate. Retrieved 12 February 2022.