Terror finance busters digging deeper, wider

DHS' Frank Libutti spoke at a House Financial Services Committee hearing last week.

Susan Whitney-Wilkerson

The Treasury Department's Office of Terrorism and Financial Intelligence plans to integrate the department's information and intelligence streams.

Before the department created a new intelligence office earlier this year, these data streams were generally kept in separate channels, Stuart Levey, Treasury's undersecretary for terrorism and financial intelligence, said last week at a hearing of the House Financial Services Committee on the 9/11 Commission report. Pulling the data together will help Treasury analysts better uncover terrorist financing by matching suspicious transactions, activities of sanctioned foreign organizations and persons, and law enforcement data.

The Homeland Security Department works with Treasury to evaluate threat and incident information. The department is studying the interaction between the financial sector and other critical infrastructures, said Frank Libutti, undersecretary for Information Analysis and Infrastructure Protection Directorate. The analysis will determine how vulnerable the financial sector is to attack or to damage by attacks on other critical infrastructures.

About the Author

Mary Mosquera is a reporter for Federal Computer Week.

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