Terrorism and Financial Intelligence 

Program Summary by Budget Activity 

Dollars in Thousands FY 2021 FY 2022 FY 2023 FY 2022 to FY 2023 

Budget Activity Operating Plan Annualized 

CR Request $ Change % Change 

Terrorism and Financial Intelligence $175,000 $175,000 $212,059 $37,059 21.2% 

Subtotal, Organization Title $175,000 $175,000 $212,059 $37,059 21.2% 

Offsetting Collections - Reimbursable $8,280 $10,500 $10,500 $0 0.00% 

Total Program Operating Level $8,280 $10,500 $10,500 $0 0.0% 

Direct FTE 551 561 624 63 11.2% 

Reimbursable FTE 35 41 41 0 0.0% 

Total Full-time Equivalents (FTE) 586 602 665 63 10.5% 

FY 2021 Other Resources and Full-time Equivalents (FTE) reflect actuals. 

Summary 

TFI requests $212.059 million, which is a $37.059 million increase from the level of the 

FY 2021 Operating Plan. TFI requests these additional resources to continue to invest in its 

people. As reliance on TFI’s authorities has grown, the corresponding growth in personnel 

across TFI and increased demand placed upon secure systems requires additional investment in 

mission support areas. This request also promotes targeted investments that will strengthen U.S. 

national security, including financing for classified systems technology, sanctions efforts, 

Department-wide counterintelligence efforts, a legislatively-mandated Kleptocracy Rewards 

Pilot Program. The FY 2023 budget prioritizes funding for Treasury’s targeted financial tools 

that protect the U.S. and international financial system from abuse, as well as countering the 

financial networks that support terrorists, weapons proliferators, organized transnational crime, 

rogue regimes, and other threats. 

Budget Highlights 

FTE Amount

FY 2022 Annualized CR 561 $175,000

Changes to Base:

Maintaining Current Levels (MCLs): 0 $6,567

Pay Annualization (FY 2022 2.7% average pay raise) 0 $746

Pay Raise (4.6% average pay raise) 0 $4,142

Non-Pay 0 $1,679

Other Adjustments: 14 $10,192

Adjustments to Meet Current Operating Levels 14 $10,192

Subtotal Changes to Base 14 $16,759

FY 2023 Current Services 575 $191,759

Program Changes:

Program Increases: 49 $20,300

Enhance the IC's Economic Security and Financial Intelligence 32 $8,000

Upgrade Treasury’s Secure Space and Network Infrastructure 0 $2,281

Emerging Sanctions Programs 13 $3,186

Develop Treasury's Secure Communications and Continuity Program 2 $672

Kleptocracy Asset Recovery Rewards Pilot Program - Payments for Rewards 0 $1,650

Terrorist Financing and Financial Crimes Operations/Travel 2 $1,787

Counter Cyber-Enabled Threats 0 $2,724

FY 2023 President's Budget Request 624 $212,059

Dollars in Thousands
Budget Adjustments 

Maintaining Current Levels (MCLs) ...................................................... +$6,567,000 / +0 FTE 

Pay Annualization (2.7%) +$746,000 / +0 FTE 

Funds are requested for annualization of the January 2022 2.7% average pay raise. 

Pay Raise (4.6% in 2023) +$4,142,000 / +0 FTE 

Funds are requested for a 4.6% average pay raise in January 2023. 

Non-Pay +$1,679,000 / +0 FTE 

Funds are requested for non-labor expenses such as travel, contracts, rent, supplies, and 

equipment. 

Other Adjustments ................................................................................ +$10,192,000 / +14 FTE 

Adjustments to Meet Current Operating Levels +$10,192,000 / +14 FTE 

Adjustment relates to funding received in the prior year that supports technology investments 

and hiring and on-boarding +14 FTEs. 

Program Increases ................................................................................. +$20,300,000 / +49 FTE 

Enhance the Intelligence Community's (IC) Economic Security and Financial Intelligence 

+$8,000,000 / +32 FTE 

The Department requests $8 million for targeted investments to improve TFI’s Office of 

Intelligence Analysis’s (OIA) economic and finance-related strategic and counterintelligence 

analysis, as well as expand OIA’s reporting program. 

Upgrade Treasury’s Secure Space and Network Infrastructure +$2,281,000 / +0 FTE

The Department requests funding to upgrade the physical access control system for the Main 

Treasury Complex and to refresh Treasury Financial Intelligence Network (TFIN) servers, 

providing essential redundancy, including through use of hybrid cloud environments. The 

current access control system is not adequately protected due to antiquated infrastructure. In 

addition, TFIN servers do not have sufficient redundancy and are at risk of extended outages 

during which users are unable to perform sensitive work. 

Emerging Sanctions Programs +$3,186,000 / +13 FTE 

The Office of Foreign Assets Control’s (OFAC) sanctions programs are seeing an increase in 

work needed to maintain existing lines of effort and expand to address new threats. OFAC 

requests 13 FTEs to manage an increase in enforcement equities associated with greater 

connectivity between U.S. persons and the sanctions targets; handling increased private sector 

engagement; increasing investigations into complex targeting actions; and increasing policy, 

regulatory affairs, and licensing actions. 

Develop Treasury’s Secure Communications and Continuity Program +$672,000 / +2 FTE

The Department requests funding for Treasury’s Secure Communications Program to support 

Treasury’s executive-level communications support program, ensure compliance to various 

secure communication directives, and maintain continuity readiness. 
Kleptocracy Asset Recovery Rewards Pilot Program – Payments for Rewards +$1,650,000 / +0 

FTE

The Fiscal Year 2021 National Defense Authorization Act (NDAA) directs the Treasury 

Department to create a Kleptocracy Asset Recovery Rewards Pilot Program to authorize 

payments to informants who aid in identifying stolen assets acquired through foreign corruption 

that fall under U.S. jurisdiction, with the goal of seizing, forfeiture or repatriation of those 

assets. This request provides the necessary funding for potential rewards payments to 

informants. 

Terrorist Financing and Financial Crimes Operations / Travel +$1,787,000 / +2 FTE

Funding is required for TFFC operations, to include operational support of the Kleptocracy Asset 

Recovery Rewards Pilot Program. This request also includes $717,000 for TFFC program office 

travel costs. Almost all of TFFC’s travel is international and involves TFFC representing the 

U.S. government in various forums and high-visibility conferences. In particular, travel 

associated with the Financial Action Task Force (FATF) and FATF-Style Regional Bodies is 

critical as TFFC works closely with finance ministries and other international partners to identify 

and close vulnerabilities within the international financial system that make it susceptible to 

terrorist financing and other illicit financial activity. Additionally, TFFC attends meetings 

related to U.S. government Anti-Money Laundering/Combating the Financing of Terrorism 

(AML/CFT) standards and practices to influence how our international partners address illicit 

finance and money laundering. 

Counter Cyber-Enabled Threats +$2,724,000 / +0 FTE

Recent cyber espionage and attack events, including the SolarWinds supply chain compromise 

and targeting of U.S. critical infrastructure, continue to demonstrate the ever-evolving threats 

from state and non–state malicious cyber actors. The Department requests additional resources 

to improve TFIN’s cybersecurity posture. 

Legislative Proposals 

The Office of Terrorism and Financial Intelligence has no legislative proposals. 

Performance Highlights 

Budget Activity Performance Measure 

FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 

Actual Actual Actual Target Target 

Terrorism and 

Financial Intelligence 

Regulatory documents published in the 

Federal Register within four months of 

publication of an Executive order or 

Congressional mandate during the fiscal year

N/A 67% 25% 75% 75% 

Terrorism and 

Financial Intelligence 

Designations and identifications released on 

time to the public without errors N/A 97% 98% 90% 90% 

Terrorism and 

Financial Intelligence 

Respond to de-confliction requests received 

from law enforcement within 7 days N/A 88% 97% 91% 91% 

Terrorism and 

Financial Intelligence 

Percent customer satisfaction with OIA 

products N/A 

Customer 

Satisfaction 

Surveys not 

conducted 

in FY 2020 

due to the 

COVID-19 

pandemic. 

70% 74% 74% 
Description of Performance 

Sanctions 

Since the beginning of FY 2021, Treasury established eight new or modified sanctions programs 

with 944 designations carried out—an approximately 38% increase from the previous fiscal year 

and a 933% increase since 2000. 

Sanctions Review 

Treasury began reviewing the authorities and processes surrounding financial sanctions to 

address emerging challenges resulting in a comprehensive sanctions review released in FY 

2022/Q1 that provided key recommendations. The review found that while sanctions remain an 

essential and effective policy tool, they also face new challenges, including rising risks from 

cybercriminals, new payments systems, and the growing use of digital assets. The review also 

identified challenges in mitigating the impact of sanctions on the flow of legitimate humanitarian 

aid to those in need. Treasury will modernize and strengthen internal Treasury, U.S. 

government, and international coordination and engagement on sanctions to enhance 

effectiveness. 

Financial Transparency 

Treasury leads the U.S. delegation to the Financial Action Task Force (FATF) and supports 

efforts to advance core work on virtual assets, beneficial ownership transparency, and illicit 

finance risks. The FATF approved for publication an updated version of its Guidance on a RiskBased Approach to Virtual Assets and Virtual Asset Service Providers proposed revisions to the 

FATF standard regarding beneficial ownership transparency for legal persons to improve the 

quality of beneficial ownership information available to law enforcement and other authorities in 

a timely manner, facilitate international cooperation, and improve transparency around public 

procurement to combat corruption. Under TFI direction, FinCEN also released a notice of 

proposed rulemaking requiring certain companies to report beneficial ownership data to Treasury 

with a view to preventing bad actors from concealing illicit funds behind anonymous shell 

companies. 

Strengthening Cybersecurity 

In addition to the variety of other cyber-related actions, Treasury partnered with both the private 

sector and USG partners to ensure that the domestic and global financial system is protected 

from abuse by malicious cyber actors. In addition, TFI assisted efforts in refining collection 

efforts specific to the threats against the financial services sector and helped decrease gaps in 

identification of victims of malicious cyber activity.