The United States has a long history of global leadership on combating illicit finance, from the landmark Bank Secrecy Act of 1979 to coordinating international sanctions on Russia’s war economy. But a lack of transparency within the US financial system itself has made the system vulnerable to money laundering, sanctions evasion, and even terrorist financing.
The Biden administration and Congress have prioritized initiatives to close financial secrecy loopholes in recent years. These notably include the recently launched Beneficial Ownership Information Registry to tackle shell company abuse and new proposed rules to curb money laundering through real estate and other high-risk sectors of the US economy.
Overseeing these efforts within the Department of the Treasury is the Office of Terrorism and Financial Intelligence (TFI), led by Under Secretary Brian Nelson. TFI is responsible for developing and implementing US government strategies to combat illicit finance, marshaling formidable enforcement, regulatory, and intelligence capabilities to target domestic and foreign threats to US national security. TFI also oversees component offices responsible for economic sanctions, financial intelligence, and asset forfeiture.
Please join Hudson Institute for a discussion with Under Secretary Nelson on strengthening financial transparency to safeguard US national and economic security.
Join Hudson for a discussion on European Union and United Kingdom competition and regulatory authorities’ increasing focus on digital platforms.
Murray will join Hudson Senior Fellow Dr. Rebeccah L. Heinrichs for a discussion on his conversations in the Middle East, the aftermath of the October 7 massacre, and the historical and moral dimensions of the ongoing conflict between Israel and the terrorists who seek to destroy it.
At Sea Air Space 2025, Senior Fellows Bryan Clark, Dan Patt, and Timothy A. Walton will discuss their findings with a panel of government and industry experts tasked with implementing these ideas.
