The United States has a long history of global leadership on combating illicit finance, from the landmark Bank Secrecy Act of 1979 to coordinating international sanctions on Russia’s war economy. But a lack of transparency within the US financial system itself has made the system vulnerable to money laundering, sanctions evasion, and even terrorist financing.
The Biden administration and Congress have prioritized initiatives to close financial secrecy loopholes in recent years. These notably include the recently launched Beneficial Ownership Information Registry to tackle shell company abuse and new proposed rules to curb money laundering through real estate and other high-risk sectors of the US economy.
Overseeing these efforts within the Department of the Treasury is the Office of Terrorism and Financial Intelligence (TFI), led by Under Secretary Brian Nelson. TFI is responsible for developing and implementing US government strategies to combat illicit finance, marshaling formidable enforcement, regulatory, and intelligence capabilities to target domestic and foreign threats to US national security. TFI also oversees component offices responsible for economic sanctions, financial intelligence, and asset forfeiture.
Please join Hudson Institute for a discussion with Under Secretary Nelson on strengthening financial transparency to safeguard US national and economic security.
Join Hudson Institute for a discussion with former US Ambassador to Venezuela James Story to examine recent developments in Venezuela and assess the direction of Washington's strategy.
Please join Ambassador Greer for a fireside chat with Senior Fellow Peter Rough on the Trump administration’s first year back in office and what’s next for US trade policy.
Please join Acting Chairman of the Council of Economic Advisers Pierre Yared for a conversation with Senior Fellow Tom Duesterberg on the first year of the Trump administration’s economic agenda and the key factors shaping the US economy’s outlook.
