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Amid Broad Budget Cuts, Treasury’s Financial Intelligence Office Finds Its Legs
By Brian Monroe and Colby Adams
printAs many federal agencies have watched their budgets and staffs shrink or remain static in recent years, the U.S. Treasury Department office charged with researching economic sanctions has seen something rare: growth. Under the latest budget passed by Congress in December, the Office of Terrorism and Financial Intelligence (TFI) will have $100 million in its coffers in fiscal year 2012, a seven percent annual increase that comes as the Treasury Department faces a nearly 17 percent drop in funding. That jump is not unusual for the agency, which has seen its budget rise between five and 30 percent in each...
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