In response to President Biden’s 2023 proposed budget, the FACT Coalition welcomed substantial increases in funding for the Financial Crimes Enforcement Network (FinCEN) and Office of Terrorism and Financial Intelligence (TFI).
In light of new sanctions against Russia, the FACT Coalition urged Congress to approve $118.2 million in emergency and discretionary funding this week for the U.S. Treasury Department’s Financial Crimes Enforcement Network and Office of Terrorism and Financial Intelligence.
Inadequate funding for the U.S. Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI) jeopardizes the enforcement of new U.S. sanctions in light of President Putin’s unlawful invasion of Ukraine.
