Foreign Assets Control Office October 23, 2007 – Federal Register Recent Federal Regulation Documents

The Treasury Department administers the Terrorist Finance Tracking Program (TFTP) as a targeted tool to help track terrorists and their networks. The TFTP utilizes certain financial transaction information provided by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a Belgium-based cooperative, under compulsion of administrative subpoenas. Discussions among U.S. and European authorities on the operation of the TFTP in the context of their respective counterterrorism efforts and data privacy laws culminated on June 28, 2007, in the ``Terrorist Finance Tracking Program Representations of the United States Department of the Treasury'' and a related exchange of letters between the Treasury Department and the EU. Each of these documents is included as an appendix to this notice.