US creates new Treasury office

Washington, DC -- The US has created the Office of Terrorism and Financial Intelligence (TFI) to lead the Treasury’s efforts to cut financial support to international terrorists, the Department of Treasury has announced.

TFI will be led by a new under secretary -- one of three in the department -- and two assistant secretaries.

Treasury Secretary John Snow said: "TFI will enhance the precision of our relentless fight to dismantle the terrorists’ network of financial and logistical support and disrupt their plans to harm America and all other nations that value liberty and freedom."

As part of the restructuring of the Treasury’s authorities and resources, the Executive Office of Terrorism Financing and Financial

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