Disrupting Terrorist Financing Networks: U.S. Treasury Department’s Efforts in the Bahamas

The U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence (TFI) is working closely with international partners, including in the Bahamas, to combat the financing of terrorism.

Comprehensive Approach to Disrupting Terrorist Financing Networks

• Intelligence Analysis: The Office of Intelligence and Analysis (OIA) provides actionable intelligence to support designations of terrorists, weapons proliferators, and drug traffickers.
• Targeted Actions: Treasury has numerous authorities to take targeted action against terrorists, including Executive Order 13224 and the Foreign Narcotics Kingpin Designation Act.
• Bilateral Engagement: Treasury engages with key foreign governments to disrupt and dismantle external funding sources to extremists through information sharing and coordinated enforcement actions.
• Attacking the Finances of Terrorists: Denying terrorist groups access to funds has long been a priority within TFI, and Treasury has intensified its efforts in this arena over the past year.
• Threat Finance Cells: Treasury has helped pioneer a novel approach to attacking illicit financial networks by providing threat finance expertise and actionable intelligence to U.S. civilian and military leaders.
• Expanded Treasury Footprint in Key Regions: TFI has established Treasury Attaché offices in key regions, including the Bahamas, allowing for closer collaboration with international partners and more effective disruption of terrorist financing networks.

Combating the Financing of Terrorism and Illicit Finance

TFI is working to enhance transparency in the financial system, develop and apply targeted economic and financial measures, foster a global approach to combat terrorist financing, engage in comprehensive private sector outreach, and implement interagency coordination.

The U.S. Treasury Department’s efforts in the Bahamas are part of a broader international effort to disrupt and dismantle terrorist financing networks. Through close collaboration with local authorities and international partners, TFI is working to prevent the financing of terrorism and protect global financial stability.