Treasury tracks terror financing

In pursuit of suspected terrorists, the Treasury Department conducts searches of selected international financial transactions transmitted through an organization that provides most of the world’s secure financial messaging, senior Treasury officials said today. The Terrorist Finance Tracking Program, based on intelligence leads, carefully targets financial transactions of suspected terrorists, said Treasury secretary John Snow, after published reports disclosed the program. It is an essential tool in the war on terror, based on appropriate legal authorization with effective oversight and controls, he told reporters at a briefing today. “Following these financial flows, we’ve been able to locate terrorist properties and financiers, and bring terrorists to justice or thwart their plans. Terrorists may have heard of us following the money, but they didn’t know we were using the Swift information,” Snow said.

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