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Financial Actions

What is the financial front? Get the Background

Latest Financial Developments

The Department of Treasury announced Operation Green Quest, an Anti-Terrorist Financing Task Force. One of the goals is to identify, disrupt, and dismantle the financial operations of charities and non-governmental organizations (NGOs) associated with Usama Bin Laden (UBL) and al Qaida. Source: U.S. Treasury

On the Financial Front Abroad
Treasury hosted a special meeting of the G7 Finance Ministers on October 6, 2001. The seven nations pledged cooperation and announced a joint action plan.

The US Government has communicated with every country about participation in a global coalition to disrupt terrorist financing. Top Treasury officials have spoken directly with 29 Finance Ministers to discuss specific actions. All have been cooperative.

On the Financial Home Front

IRS issues leave-based donation guidelines.

 Secretary of Treasury Paul O'Neil testifies about terrorism risk insurance.

 The U.S. Government will provide technical assistance to cooperating governments in the full range of efforts to combat terrorists' financial activities.

U.S. financial institutions have responded to Treasury requests and volunteered information to identify patterns of terrorist financing.

 
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President Bush is joined by Secretary O'Neil and Secretary Powell in the Rose Garden.
President Bush issues the Terrorist Financing Executive Order, which expands financial terrorism scope to global reach.

 

By the Numbers

More than 150 countries have expressed their support in the fight against terrorist financing.

More than 80 countries have blocking orders in place to freeze terrorist assets.

Since September 11, the United States has frozen nearly $4 million in assets belonging to the Taliban, Usama bin Laden and the al Qaeda network, and several million in additional assets are under review.

The Terrorist Finance List includes 66 names.


Treasury's Financial Crimes Enforcement Network has set up an 800 number for financial institutions professionals when they encounter suspicious transactions.

Goals: Deny, Impair, Expose
 To deny terrorist groups access to the international financial system, to impair the ability of terrorists to fundraise, and to expose, isolate and incapacitate the financial networks of terrorists.