Bush Administration Reorganizes Counter-Terrorism Financial Enforcement

On March 8, 2004, the Bush Administration announced the establishment of the Office of Terrorism and Financial Intelligence (TFI) at the U.S. Department of Treasury. TFI will head Treasury?s efforts to halt the financing of international terrorists, a vital element of the Administration?s strategy to combat global terrorism. TFI will be led by a new under secretary ? one of only three in the Treasury Department and two assistant secretaries. Secretary of the Treasury John W. Snow commented: ?(a)s President Bush has said, there is no greater responsibility than protecting the American people from terrorism. Treasury?s Office of Terrorism and Financial Intelligence will enhance the precision of our relentless fight to dismantle the terrorists? network of financial and logistical support and disrupt their plans to harm America and all other nations that value liberty and freedom.?...[more]