FinCEN and OFAC to Receive Policy Guidance from New Treasury Office
March 17, 2003
Treasury Secretary John Snow announced March 3, 2003, the
formation of the new Executive Office for Terrorist Financing and Financial
Crimes (EOTF/FC) created within the U.S. Treasury Department. The newly formed
office will be headed by Juan Zarate, Deputy Assistant Secretary for Terrorist
Financing and Financial Crimes, who is to report to the Department's Deputy
Secretary. The EOTF/FC will provide policy guidance to both the Financial
Crimes Enforcement Network (FinCEN) and the Office of Foreign Asset Control (OFAC),
and will team with the International Affairs Task Force on Terrorist Financing (TFTF).
For more information, please see the Department's news release online at:
http://www.ustreas.gov/press/releases/js77.htm.