Department of the Treasury – Budget in Brief 

Terrorism and Financial Intelligence 

Program Summary by Budget Activity 

Dollars in Thousands 

 FY 2017 FY 2018 FY 2019 FY 2018 TO FY 2019 

Terrorism and Financial Intelligence Enacted Annualized 

CR Request $ Change % Change 

Terrorism and Financial Intelligence $123,000 $122,165 $159,000 $36,835 30.15% 

Subtotal, TFI $123,000 $122,165 $159,000 $36,835 30.15% 

Offsetting Collections - Reimbursables $6,491 $8,000 $8,000 $0 0.00% 

Total Program Operating Level $129,491 $130,165 $167,000 $36,835 30.15% 

Direct FTE 395 421 518 97 23.04% 

Reimbursable FTE 33 36 36 0 0.00% 

Total FTE 428 457 554 97 21.23% 

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. 

Summary 

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 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 nonkinetic 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. 
Department of the Treasury – Budget in Brief 

FY 2019 Budget Highlights 

Dollars in Thousands 

FY 2019 Budget Adjustments 

Adjustments to Request 

Maintaining Current Levels +$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 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. 

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 

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 Sanctions 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

TFIl 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
Department of the Treasury – Budget in Brief 

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 sanctionsrelated 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 intraenterprise 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. 

Financial Action Task Force +$1,788,000 / 

+0 FTE 

The Financial Action Task Force (FATF) is 

the global standard-setting body for AntiMoney 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 US to lead the FATF during a time of 

considerable transition in the organization – 

the US last held the FATF presidency in 1996. 

This opportunity positions the US 

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. 
Department of the Treasury – Budget in Brief 

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, WMD proliferation, 

and organized crime. 

Explanation of Budget Activities 

Terrorism and Financial Intelligence 

($159,000,000 from direct appropriations, 

$8,000,000 from reimbursable resources) 

Develops and implements strategies to counter 

terrorist financing and money laundering.

Legislative Proposals 

The Budget includes a provision that of the 

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. 

TFI Performance Highlights 

FY 2015 FY 2016 FY 2017 FY 2018 FY 2019

Budget Activity Performance Measures Actual Actual Actual Target Target

Terrorism and Financial 

Intelligence

Impact of TFI Programs and 

Activities 8.8 8.7 8.5 8.5 8.5

Description of 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 modernizing and 
Department of the Treasury – Budget in Brief 

streamlining the national security regulatory 

framework. This will likely result in changes 

to performance measures in the FY 2020 

budget.