Department of the Treasury

Office of Terrorism and 

Financial Intelligence

Congressional Budget 

Justification and Annual 

Performance Report and Plan

FY 2019
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Table of Contents

Section I – Budget Request........................................................................................................... 3

A – Mission Statement................................................................................................................ 3

B – Summary of the Request ...................................................................................................... 3

1.1 – Appropriations Detail Table .............................................................................................. 3

1.2 – Budget Adjustments Table................................................................................................. 4

C – Budget Increases and Decreases Description....................................................................... 4

1.3 – Operating Levels Table...................................................................................................... 7

D – Appropriations Language and Explanation of Changes ...................................................... 8

E – Legislative Proposals............................................................................................................ 8

Section II – Annual Performance Plan and Report................................................................... 9

A – Strategic Alignment ............................................................................................................. 9

B – Budget and Performance by Budget Activity ...................................................................... 9

2.1.1 – Terrorism and Financial Intelligence Resources and Measures ..................................... 9

Section III – Additional Information ........................................................................................ 14

A – Summary of Capital Investments....................................................................................... 14
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Section I – Budget Request

A – Mission Statement

Strengthen national security by using targeted financial measures to combat threats and protect 

the integrity of the financial system.

B – Summary of the Request 

The Department of the Treasury’s (Treasury) strategic plan guides program and budget decisions 

for the Office of Terrorism and Financial Intelligence (TFI). The FY 2019 Budget Request 

supports two of Treasury’s FY 2018-2022 Strategic Goals: Enhance National Security and 

Achieve Operational Excellence.

TFI requests $159.000 million, which is a $36.835 million increase from the FY 2018 

Annualized Continuing Resolution. The budget prioritizes funding for Treasury’s targeted 

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

counter the financial networks that support terrorists, weapons proliferators, organized 

transnational crime, rogue regimes, and other threats.

Over the last several years, TFI’s role in protecting our national security has grown dramatically, 

which is reflected in this request for additional resources. TFI’s economic authorities have 

become one of this Administration’s and Congress’ top non-kinetic tools of choice with TFI 

deploying our economic authorities at a rapid pace to address some of our greatest national 

security threats. In addition to cutting off funding for terrorist groups, TFI’s authorities and 

actions proactively implement U.S. policy towards North Korea, Iran, ISIS and other terrorist 

organizations, Venezuela, Russia, human rights abusers, narcotics traffickers, and in other areas. 

In order to achieve maximum impact, and meet strategic and operational objectives, TFI requires 

the additional resources of this request. These resources will ensure that TFI has sufficient staff, 

remains agile, innovative, and strategic, enhances its infrastructure and analytic capability, and is 

able to support new initiatives and expanded authorities.

1.1 – Appropriations Detail Table

Notes: 

1. FY 2017 FTE are actuals.

2. The FY 2017 Enacted column reflects levels appropriated in H.R. 255, the Consolidated Appropriations Act of 2017. For further 

details on the execution of these resources see the 2019 Budget Appendix chapter for the Department of the Treasury.

Dollars in Thousands

Terrorism and Financial Intelligence

Appropriated Resources

New Appropriated Resources FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT

Terrorism and Financial Intelligence 395 $123,000 421 $122,165 518 $159,000 97 $36,835 23.04% 30.15%

Subtotal New Appropriated Resources 395 $123,000 421 $122,165 518 $159,000 97 $36,835 23.04% 30.15%

Other Resources

 Reimbursables 33 $6,491 36 $8,000 36 $8,000 0 $0 0.00% 0.00%

Subtotal Other Resources 33 $6,491 36 $8,000 36 $8,000 0 $0 0.00% 0.00%

Total Budgetary Resources 428 $129,491 457 $130,165 554 $167,000 97 $36,835 21.23% 28.30%

FY 2017 FY 2018 FY 2018 to FY 2019

Enacted Annualized CR Request Change % Change

FY 2019
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1.2 – Budget Adjustments Table

Dollars in Thousands

Terrorism and Financial Intelligence FTE Amount

FY 2018 Annualized Continuing Resolution 421 $122,165 

Changes to Base:

Maintaining Current Levels (MCLs): 0 $1,423 

Pay Annualization 0 $284 

Non-Pay 0 $1,139 

Subtotal Changes to Base 0 $1,423 

Total FY 2019 Base 421 $123,588 

Program Changes:

Program Increases: 97 $35,412 

Terrorist Financing Targeting Center 15 $12,392 

North Korea 69 $15,209 

Iran/Syria Sanctions 4 $1,565 

Russia/Ukraine Sanctions 4 $1,069 

Committee on Foreign Investment in the United States 3 $859 

TFI Data Discovery 0 $2,000 

Financial Action Task Force 0 $1,788 

Terrorist Finance and Financial Crimes 2 $530 

Total FY 2019 Request 518 $159,000 

C – Budget Increases and Decreases Description

Maintaining Current Levels (MCLs) ......................................................+$1,423,000 / +0 FTE

Pay Annualization +$284,000 / +0 FTE 

Funds are requested for annualization of the January 2018 pay-raise. The budget assumes no pay 

raise for civilian employees in FY 2019.

Non-Pay +$1,139,000 / +0 FTE 

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

equipment.

Program Increases..................................................................................+$35,412,000 / +97 FTE

Terrorist Financing Targeting Center +$12,392,000 / +15 FTE 

On May 21, 2017, the United States and the six Gulf Cooperation Council countries signed an

historic agreement announcing a joint commitment to establish the Terrorist Financing Targeting 

Center (TFTC). The TFTC’s efforts support the Administration’s priorities to fight terrorism in 

new and innovative ways through a multilateral initiative that will dramatically increase the 

ability to curb terrorist financing. The TFTC has already resulted in greater regional cooperation 

as evidenced by the joint designations by the seven participating members of TFTC on October 

25, 2017, that targeted terrorist leaders, financiers, and facilitators. The TFTC will continue to 

disrupt the finances and operations of terrorist organizations by identifying, tracking, and sharing 

information regarding terrorist financial networks; coordinating joint disruptive actions, like 

sanctions; and offering support to countries in the region that need assistance building capacity to 

counter terrorist finance threats.
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North Korea +$15,209,000 / +69 FTE

Recent provocations by the Democratic People’s Republic of Korea (DPRK) presents an urgent 

threat to our national security. Treasury has served a critical role in the Administration's 

maximum economic pressure campaign. This has included the use of unilateral designations and 

other economic authorities, analytic efforts to map out the front companies and other evasions 

schemes used by the Kim Jong-un regime, working closely with other countries to increase 

multilateral economic pressure, and communications with the financial sector through advisories 

and engagement to cut off North Korea's access to the international financial system. Given the 

nature and urgency of the threat, this request is necessary to continue to maximize economic 

pressure and support the Administration’s priorities to fight nuclear proliferation. It is 

specifically aimed at countering and neutralizing the DPRK’s efforts to undermine U.S. national 

security. This initiative expands TFI’s DPRK program and will have an immediate and strong 

impact in FY 2019.

Iran/Syria Sanctions +$1,565,000 / +4 FTE

The Administration remains committed to countering the threat posed by Iran by using 

Treasury’s economic authorities to deny the regime and the Islamic Revolutionary Guard 

funding for malign activities. TFI seeks to significantly increase its designations targeting Iran’s 

ballistic missile programs, terrorist activities, regional destabilization (Yemen, Syria), and human

rights violations. In addition to targeting Iran’s financing of the brutal Assad regime in Syria, 

TFI designated hundreds of Syria-related targets and has more than doubled the number of 

designated Syria targets since the start of the Syrian conflict. This request would provide 

dedicated resources needed to maintain pressure on Syria and target the financial networks that 

support Syria’s production or use of chemical weapons. Syria is a top White House priority and 

is also of particular interest to the legislative branch, with multiple sanctions-related bills in 

various stages of consideration. 

Russia/Ukraine Sanctions +$1,069,000 / +4 FTE

TFI requests additional resources to support sanctions programs related to the Russian energy 

sector, Russia’s malign activities in the Ukraine, and its corruption, cyber activity, and support to 

the Government of Syria. These resources would also support the significant mandatory 

reporting requirements of the Countering America's Adversaries Through Sanctions Act.

Committee on Foreign Investment in the United States (CFIUS) +$859,000 / +3 FTE

CFIUS is an inter-agency committee authorized to review transactions that could result in control 

of a U.S. business by a foreign person (“covered transactions”), in order to determine the effect 

of such transactions on the national security of the United States. Additional TFI resources are 

required to meet the increase in the CFIUS caseload. 

TFI Data Discovery +$2,000,000 / +0 FTE

TFI requests funding for the creation of a cross-TFI data discovery and analysis platform, which 

would enable analysts, investigators, and other appropriate staff from across the TFI enterprise to 

properly leverage Treasury's unique data holdings to execute TFI's mission more efficiently and 

effectively. Currently, TFI does not have an intra-enterprise IT system to enable the five TFI 

components to collaborate and exchange information in near real time. This effort would reduce

redundancy and increase the efficiency and effectiveness of the TFI workforce.
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Financial Action Task Force +$1,788,000 / +0 FTE

The Financial Action Task Force (FATF) is the global standard-setting body for Anti-Money 

Laundering/Combating the Financing of Terrorism (AML/CFT). Organized by the G7 in 1989

to focus on money laundering, the FATF has grown to include nearly 40 members and its 

mandate has expanded to include terrorist financing and proliferation financing as well as money 

laundering. There are also nine FATF-style regional bodies that, together with the FATF, can 

claim almost every country in the world as a member. There has been increased recognition of 

the FATF’s significance as an international body and of the relevance of the FATF’s work and 

its recommendations for both the public and private sectors. Treasury, TFI’s Office of Terrorist 

Financing and Financial Crimes (TFFC) specifically, was asked to assume Presidency of the 

FATF in 2019 on behalf of the United States. Assuming the FATF presidency provides a unique 

opportunity for the U.S. to lead the FATF during a time of considerable transition in the 

organization – the U.S. last held the FATF presidency in 1996. This opportunity positions the 

U.S. exceptionally well to ensure that the FATF’s strategic direction is in line with U.S. priorities 

for the organization: demonstrating the value of AML/CFT regulation; holding countries 

accountable for compliance failures; and restricting FATF budget increases. 

Terrorist Finance and Financial Crimes +$530,000 / +2 FTE

TFI requests two FTEs to develop and build global capacity to combat terrorist financing in the 

international arena. These FTEs will be responsible for establishing strategies and employing 

targeted financial measures to disrupt and dismantle the financial networks that support 

terrorism, proliferation of weapons of mass destruction, and organized crime. 
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1.3 – Operating Levels Table

Dollars in Thousands

Terrorism and Financial Intelligence FY 2017 FY 2018 FY 2019

Object Classification Enacted Annualized CR Request

11.1 - Full-time permanent 46,250 45,936 60,080 

11.3 - Other than full-time permanent 200 199 556 

11.5 - Other personnel compensation 1,000 993 1,078 

11.9 - Personnel Compensation (Total) 47,450 47,128 61,714 

12.0 - Personnel benefits 15,405 15,300 19,613 

Total Personnel and Compensation Benefits $62,855 $62,428 $81,327 

21.0 - Travel and transportation of persons 1,872 1,859 2,077 

22.0 - Transportation of things 278 276 809 

23.1 - Rental payments to GSA 136 135 139 

23.2 - Rental payments to others 246 244 251 

24.0 - Printing and reproduction 118 117 120 

25.1 - Advisory and assistance services 13,266 13,176 15,887 

25.2 - Other services from non-Federal sources 8,924 8,863 10,802 

25.3 - Other goods and services from Federal sources 31,609 31,396 43,818 

25.7 - Operation and maintenance of equipment 388 385 396 

26.0 - Supplies and materials 2,204 2,189 2,248 

31.0 - Equipment 1,104 1,097 1,126 

32.0 - Land and structures 0 0 0 

Total Non-Personnel $60,145 $59,737 $77,673 

New Budgetary Resources $123,000 $122,165 $159,000 

FTE 395 421 518 

Notes: 

1. FY 2017 FTE are actuals.

2. Included in BOC 25.3, $28,000 in FY 2017 and $27,810 in FY 2018 were transferred to DO Salaries and Expenses for 

administrative support. For FY 2019, DO proposes to move administrative services to the Treasury Franchise Fund. TFI has 

reserved $33,497 for administrative support from the Franchise Fund in FY 2019.

3. The FY 2017 Enacted column reflects levels appropriated in H.R. 255, the Consolidated Appropriations Act of 2017. For further 

details on the execution of these resources see the 2019 Budget Appendix chapter for the Department of the Treasury.
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D – Appropriations Language and Explanation of Changes

Appropriations Language Explanation of 

Changes

DEPARTMENT OF THE TREASURY

OFFICE OF TERRORISM AND FINANCIAL 

INTELLIGENCE

Federal Funds

SALARIES AND EXPENSES

For the necessary expenses of the Office of Terrorism and 

Financial Intelligence to safeguard the financial system 

against illicit use and to combat rogue nations, terrorist 

facilitators, weapons of mass destruction proliferators,

money launderers, drug kingpins, and other national security 

threats, $159,000,000: Provided, That of the amounts 

appropriated under this heading, $10,000,000 shall remain 

available until September 30, 2020.

Note.—A full-year 2018 appropriation for this account was 

not enacted at the time the budget was prepared; therefore, 

the budget assumes this account is operating under the 

Continuing Appropriations Act, 2018 (Division D of P.L. 

115–56, as amended). The amounts included for 2018 reflect 

the annualized level provided by the continuing resolution.

E – Legislative Proposals

Sec. 129 - Amounts made available under the heading "Office of Terrorism and Financial 

Intelligence" shall be available to reimburse the "Departmental Offices—Salaries and Expenses" 

account for expenses incurred in such account for reception and representation expenses to 

support activities of the Financial Action Task Force.
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Section II – Annual Performance Plan and Report

A – Strategic Alignment

TFI programs support the following Department of the Treasury’s Strategic Plan for FY 2018-

2022. Strategic objectives for Strategic Goal 3, to enhance national security: 

 Objective 3.1 – Strategic Threat Disruption: Identify, dismantle, and disrupt priority threats 

to the U.S. and international financial system. 

 Objective 3.2 – AML/CFT Framework: Identify and reduce vulnerabilities in the U.S. and 

international financial system to prevent abuse by illicit actors. 

 Objective 3.3 – Economic Strength and National Security: Advance American prosperity and 

security through growth, investment, trade, and expanding the American industrial base 

while protecting national security. 

TFI programs support the following strategic objectives for Strategic Goal 5, to achieve 

operational excellence: 

 Objective 5.1 – Workforce Management: Foster a culture of innovation to hire, engage, 

develop, and optimize a diverse workforce with the competencies necessary to accomplish 

our mission. 

 Objective 5.2 – Treasury Infrastructure: Better enable mission delivery by improving the 

reliability, security, and resiliency of Treasury’s infrastructure.

B – Budget and Performance by Budget Activity

2.1.1 Terrorism and Financial Intelligence Resources and Measures

Dollars in Thousands

Resource Level FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019

Actual Actual Actual Actual Actual Annualize

d CR Request

Appropriated Resources $96,116 $101,305 $112,160 $112,754 $121,580 $122,165 $159,000 

Other Resource $30,832 $31,293 $6,966 $6,329 $6,491 $8,000 $8,000 

Budget Activity Total $126,948 $132,598 $119,126 $119,083 $128,071 $130,165 $167,000 

FTE 388 376 385 414 428 457 554

Measure FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2017 FY 2018 FY 2019

Actual Actual Actual Actual Actual Target Target Target

Impact of TFI Programs and Activities 8.3 8.5 8.8 8.7 8.5 8.5 8.5 8.5

Terrorism and Financial Intelligence Budget and Performance

($159,000,000 from direct appropriations, $8,000,000 from reimbursable resources):

TFI serves a distinct role in enhancing national security by deploying Treasury’s tools and 

authorities to protect the U.S. and international system from abuse and by combating rogue

regimes, terrorist facilitators, weapons proliferators, money launderers, drug kingpins, human 

rights abusers, cyber criminals and other illicit finance and national security threats. TFI does 

this by strategically applying the policy, law enforcement, intelligence, and regulatory tools, and 

authorities of its components in a calibrated manner to achieve maximum impact. In FY 2017, 

TFI successfully applied its diverse targeted financial measures, including financial sanctions 
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and regulatory tools that address major national security challenges. These challenges include 

North Korea, Iran, Syria, Venezuela, Russia, Sudan, ISIS, al-Qai’da, Hizbollah and others. In an 

effort to identify, disrupt, and dismantle these threats, TFI was able to deny revenue sources to 

these illicit actors. 

In the past year, TFI has played a lead role in pressuring terrorist groups and rogue regimes 

through its use of powerful U.S. sanctions authorities. For example, there are now six North 

Korea-related executive orders, in addition to robust congressional authorities, that we use to 

target key North Korean financial middlemen and others who support the regime. Over the last 

year, Treasury’s Office of Foreign Asset Control (OFAC) designated over 100 individuals and 

entities related to North Korea as part of our concerted effort to pressure the regime. Our focus 

on depriving North Korea of its ability to earn and move revenue through the international 

financial system means that we must work with other countries to achieve this goal. In addition 

to coordinating our domestic sanctions programs, TFI engages with leaders across the world to 

stress the importance of implementing United Nations Security Council Resolutions 

(UNSCRs). TFI also works bilaterally with governments and through the Financial Action Task 

Force (FATF) to ensure that countries have the regulatory framework in place to detect and 

freeze assets linked to North Korea.

On Iran, TFI has ramped up pressure on Iran and the Islamic Revolutionary Guard Corps (IRGC) 

for its malign activity, issuing seven tranches of sanctions, designating more than 70 targets in 

China, Iran, Lebanon, and Ukraine in connection with the IRGC, Iran’s ballistic missile program, 

human rights abuses, and support of terrorism through the financing groups such as Hizballah 

and Hamas and a host of Shi’a militant groups in Bahrain, Iraq, Syria and Yemen. Like Northern

Korea, Iran uses deceptive financial practices to generate revenue. As just one example, in 

November 2017, TFI sanctioned an Islamic Revolutionary Guards Corps-Qods Force (IRGCQF) network involved in a large-scale scheme to counterfeit Yemeni bank notes worth hundreds 

of millions of dollars to support its destabilizing activities.

The IRGC’s pervasiveness in the Iranian economy, Iran's systemic corruption, large-scale 

counterfeiting scheme, and Iran’s lack of transparency throughout the economy continues to be a 

primary concern. TFI has continued working through FATF to hold Iran accountable to its 

commitments in addressing its weak controls. 

Also, in FY 2017, as Head of Delegation to the FATF, TFI through TFFC, worked with 

international partners to advance other key U.S. AML/CFT priorities, including improving the 

effectiveness of FATF international standards, as well as identifying and addressing global 

AML/CFT typologies. TFI served as the co-chair of the FATF Inter-Cooperation Review Group, 

which publicly identifies countries with significant AML/CFT regulation and implementation 

deficiencies. TFI staff served as a financial or legal assessor on several FATF Mutual 

Evaluations and participated in or reviewed approximately 19 mutual assessment reports of 

FATF countries’ compliance with international AML/CFT standards, leading to substantive 

changes in some countries’ AML/CFT standards and laws. 

TFI protected the U.S. and international financial systems from abuse by illicit actors by issuing 

global targeting orders and financial advisories to the financial community on AML risks; 

engaging in public-private dialogues with banks and foreign regulators to discuss AML/CFT 
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trends; and leading illicit finance strategic dialogues, working groups, and public-private 

partnerships that seek to improve information sharing and advance systemic reforms. This work 

is a critical part of TFI’s efforts to address the constantly evolving risks to the U.S. and 

international financial system. 

To advance the fight against terrorist financing, all of the components of TFI worked to establish 

the Terrorist Financing Targeting Center (TFTC), as announced by President Trump during his 

May 2017 visit to Saudi Arabia. The TFTC is a key Administration and Treasury priority, colead by TFI, which brings together six Gulf nations for the purpose of concurrently addressing 

terrorist financing threats through joint designations and advancing AML/CFT systemic reforms. 

This effort has already produced results. On October 25, 2017, OFAC imposed sanctions against 

eight leaders, financiers, and facilitators of ISIS in Yemen and al-Qa’ida in the Arabian 

Peninsula along with one affiliated entity. All member states of the TFTC took concurrent 

actions against those individuals and entity, marking a major and historic step forward in the 

TFTC’s efforts to disrupt the finances and operations of terrorist organizations.

Throughout FY 2018 and FY 2019, TFI will focus heavily on strategically deploying its tools 

and authorities for maximum impact against national security and foreign policy challenges, as 

well as addressing risks to and vulnerabilities within the U.S. and international financial system. 

TFI will continue to focus on applying targeted financial measures against North Korea, Iran, 

and Russia, in addition to identifying, disrupting, and dismantling terrorist organizations, drug 

kingpins, transnational criminal organizations, and other threats to the U.S. and our international 

partners. 

The increased resources in this request will provide the necessary staff and supporting

infrastructure to meet TFI’s strategic objectives and performance requirements in critical mission 

areas. Included as new funding initiatives for FY 2018 and FY 2019 are resources to support the 

TFTC and increase cooperation with the GCC to counter the financing of terrorism. This request 

also funds the duties and responsibilities of TFI’s upcoming term as FATF President beginning 

in June 2018. This will allow Treasury and TFI to advance key U.S. AML/CFT priorities, 

including an increased focus on effective implementation of international AML/CFT standards;

AML/CFT and counter proliferation prosecutions; domestic and international information 

sharing on terrorist financing; examination of digital solutions to strengthening the Customer 

Due Diligence requirements; and holding countries accountable for AML/CFT compliance 

failures. 

 

Other TFI FY 2018 and FY 2019 priorities include:

 Collecting, analyzing, and disseminating information concerning illicit financing and national 

security threats.

 Assisting partner countries in the development and implementation of AML/CFT standards. 

 Identifying opportunities for Treasury to increase its use of authorities to combat terrorist 

financing in Africa, Asia, and the Middle East. 

 Modernizing, streamlining, and simplifying the regulatory framework to more effectively 

address national security priorities. 

 Coordinating analysis of available information sources obtained through Treasury 

administration authorities or foreign partners.
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 Expanding current and facilitating new information sharing between governments, law 

enforcement, financial institutions, and international partners to address threats to and 

vulnerabilities within the U.S. and international financial system. 

 Increasing Treasury’s ability to deter, detect, and mitigate insider threats by leveraging 

counterintelligence, security, information assurance, and other relevant resources.

 Assessing and improving Treasury’s security clearance processes.

 Increasing focus on cybersecurity and intellectual property activities.

Terrorism and Financial Intelligence Offices Supporting the AML/CFT Mission

This budget request supports three of the four components within TFI that exercise AML/CFT 

authorities and responsibilities. The fourth component, Financial Crimes Enforcement Network 

(FinCEN), reports directly to the Under Secretary for TFI but is budgeted separately as a bureau 

within the Treasury.

Office of Terrorist Financing and Financial Crimes (TFFC)

TFFC is responsible for formulating and coordinating comprehensive strategies to target national 

security and foreign policy threats and safeguard the U.S. and international financial systems 

from abuse. In performing its mission, TFFC works across TFI, as well as interagency and law 

enforcement, to ensure that Treasury’s tools are strategically applied and calibrated for 

maximum impact against global threats such as North Korea, Iran, Venezuela, Russia, ISIS and 

Hizballah, among others. TFFC also leads the development of AML/CFT regulatory and 

outreach initiatives and collaborates with Federal law enforcement on financial crime

methodology analysis. Domestically, TFFC performs a critical role in working with key 

stakeholders to increase the security of our financial systems, leading public-private sector 

dialogues, financial experts meetings, and other strategic initiatives to identify and address 

potential vulnerabilities. TFFC also serves as the primary interlocutor with international partners 

whether on a bilateral basis or in multi-lateral fora to enhance information sharing, advance

systemic reforms, synchronize targeted actions, and increase pressure on other countries to

address specific illicit finance concerns in line with U.S. national security priorities. TFFC 

serves as the head of the U.S. Delegation to the Financial Action Task Force, the international 

body that sets standards and promotes effective implementation of AML/CFT legal, regulatory 

and operational measures that protect the integrity of the international financial system. TFFC is 

also leading Treasury’s efforts to operationalize the Terrorist Financing Targeting Center.

Office of Intelligence and Analysis (OIA)

As one of 17 members of the U.S. Intelligence Community, the OIA is responsible for producing 

all-source intelligence analysis that identifies threats to and vulnerabilities within the 

international financial system; driving and delivering intelligence that meets the needs of all 

Treasury decision makers; and providing the security infrastructure to protect Treasury’s 

physical and information security apparatus. OIA executes this mission by producing expert 

intelligence analysis on support networks of terrorists, proliferators of weapons of mass 

destruction, transnational criminal organizations, and other key national security risks. OIA 

works with the Director of National Intelligence and other IC agencies to help ensure better IC 

integration and drive priority collection for Treasury. OIA security personnel also ensure that all 

necessary Treasury personnel are properly trained to safeguard information systems and 

infrastructure, as well as maintaining a robust and effective counterintelligence program 
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designed to detect and disrupt foreign intelligence threats directed at the Department of the 

Treasury. Finally, OIA also provides timely, accurate, and focused intelligence on the full range 

of economic, political, and security issues, including key Treasury priorities such as assessments 

for the Committee on Foreign Investment in the United States (CFIUS). OIA also leads 

Treasury’s Insider Threat Program on the classified network system.

Office of Foreign Assets Control (OFAC)

The Office of Foreign Assets Control administers and enforces economic and trade sanctions 

based on U.S. foreign policy and national security goals against over 40 targeted foreign 

countries and regimes, terrorists, international narcotics traffickers, those engaged in activities 

related to the proliferation of weapons of mass destruction, and other threats to the national 

security, foreign policy, or economy of the United States. OFAC acts under Presidential national 

emergency powers, as well as authority granted by specific legislation, to impose controls on 

transactions and freeze assets under U.S. jurisdiction. Many of the sanctions are based on United 

Nations and other international mandates, are multilateral in scope, and involve close 

cooperation with allied governments. OFAC vigorously enforces the sanctions programs it 

administers, and conducts civil enforcement investigations against U.S. and non-U.S. individuals 

and entities who threaten the integrity of its sanctions programs. OFAC’s enforcement actions 

and activities – including civil monetary penalties, non-public disruptive intervention, and public 

outreach – illuminate evasion schemes and enlist the private sector in its sanctions efforts.

Additionally, OFAC administers a licensing program through which it reviews and then 

authorizes or denies requests to conduct certain transactions or activities that would otherwise be 

prohibited. OFAC is continually evaluating and adjusting its sanctions programs to ensure that it 

is prohibiting illicit activity, while allowing activity that is consistent with or advances U.S. 

national security and foreign policy.

Description of TFI’s Performance:

Impact of TFI Programs and Activities: To gauge its performance, TFI created a composite 

measure consisting of three program office focus areas related to its mission and strategic goals, 

including customer outreach, increasing production and dissemination of intelligence products, 

and implementing IT modernization projects. In FY 2017, TFI met its performance goal of 8.5 

and expects to achieve its FY 2018 and FY 2019 target of 8.5.

With the publication of the Treasury Strategic Plan for FY 2018-2022, TFI will work this year to 

baseline performance for the new strategic objectives, as well as update TFI’s Strategic Plan to 

ensure Treasury and Administration priorities are accurately reflected. As part of Treasury’s 

Strategic Planning process, TFI established strategic objectives focused on key Treasury 

priorities including strategic threat disruption and strengthening the AML/CFT framework. TFI 

then built out robust strategies and support strategies that work toward achieving our goals 

within one, three, and five year time frames. These strategies reflect specific Treasury and 

Administration priorities that include the strategic use of Treasury’s tools and authorities to 

disrupt the capability of targets to raise, use, and move funds, identifying threats from known and 

emerging threats; expanding current and facilitating new information sharing and collaboration 

with domestic and international partners (an Agency Priority Goal); coordinating analysis of all 

available information sources obtained through Treasury authorities or foreign partners; applying 

a risk-based approach to identifying and vulnerabilities within the financial system; and 
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modernizing and streamlining the national security regulatory framework. This will likely result 

in changes to performance measures in the FY 2020 budget. 

Section III – Additional Information

A – Summary of Capital Investments

A summary of capital investment resources, including major information technology and nontechnology investments can be found at: 

http://www.treasury.gov/about/budget-performance/Pages/summary-of-capital-investments.aspx

This website also contains a digital copy of this document.