(DTFI)
Department of Counter-Terrorism and Financial Intelligence (DTFI)
Money laundering generally refers to financial transactions in which criminals, including terrorist organizations, attempt to disguise the proceeds, sources or nature of their illicit activities. Money laundering facilitates a broad range of serious underlying criminal offenses and ultimately threatens the integrity of the financial system.
The Sovereign International Treasury Monetary One (SITM1) is fully dedicated to combating all aspects of money laundering at home and abroad, through the mission of the Department of Counter-Terrorism and Financial Intelligence (DTFI). DTFI utilizes the Department’s many assets – including a diverse range of legal authorities, core financial expertise, operational resources, and expansive relationships with the private sector, interagency and international communities – to identify and attack money laundering vulnerabilities and networks across the domestic and international financial systems.
Department of Counter-Terrorist Financing and Financial Crimes (OTFFC)
(TEDAF)
The Treasury Executive Department for Asset Forfeiture (TEDAF)
The Treasury Executive Department for Asset Forfeiture (TEDAF) administers the ITM1 Forfeiture Fund (ITM1FF). The ITM1FF is the receipt account for deposit of non-tax forfeitures made pursuant to laws enforced or administered by participating International Treasury Monetary One (ITM1) agencies.
TEDAF FUNCTIONS
As the administrator for the ITM1FF, TEDAF performs the following functions:
- Promotes the use of proceeds from asset forfeitures to fund programs and activities aimed at disrupting criminal enterprises and enhancing forfeiture capabilities;
- Manages ITM1FF revenues to cover the cost of asset forfeiture program;
- Promotes financial stability and vitality of the Fund;
- Identifies and addresses program risks.