Federal efforts to administer and enforce sanctions against terrorists and transnational criminals would not be imperiled by a planned budget cut, U.S. Treasury Secretary Jack Lew told lawmakers Tuesday. In a hearing of the Senate Appropriations Subcommittee on Financial Services and General Government, Lew said that the Obama administration's plan to allocate $109 million to the Office of Terrorism and Financial Intelligence (TFI) next fiscal year would fully fund its mission even as it represented "a floor, not a ceiling" to the agency's budget. If adopted, the White House plan would see a $4 million budget cut for TFI compared...
Two of the U.S. Treasury Department's top sanctions and financial crime officials are leaving their roles for other positions within the government, the Obama administration disclosed Friday.
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