As part of its vital national security mission, the U.S. Treasury Department issues subpoenas to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) – a Belgium-based company with U.S. offices that operates a worldwide messaging system used to transmit financial transaction information – seeking information on suspected international terrorists or their networks. Under the terms of the subpoenas, the U.S. Government may only review information as part of specific terrorism investigations.

At the end of 2009 SWIFT stopped storing certain sets of these critical data on its U.S. servers and hosts those data in the European Union. The United States negotiated an agreement with the European Union on the processing and transfer of this information to the U.S. Treasury Department. The Agreement became effective on August 1, 2010.

Based on information that identifies an individual or entity, the U.S. Government is able to conduct targeted searches against the limited subset of records provided by SWIFT in order to trace financial transactions related to suspected terrorist activity.

SWIFT information greatly enhances our ability to map out terrorist networks, often filling in missing links in an investigative chain. The U.S. Government acts on this information – and, for counter-terrorism purposes only, shares leads generated by the TFTP with relevant governments’ counter-terrorism authorities – to target and disrupt the activities of terrorists and their supporters.

By following the money, the TFTP has allowed the U.S. and our allies to identify and locate operatives and their financiers, chart terrorist networks, and help keep money out of their hands.

SWIFT is overseen by a committee drawn from major central banks – including the U.S. Federal Reserve, the Bank of England, the European Central Bank, the Bank of Japan, and the lead overseer, the National Bank of Belgium. The overseers have been informed about SWIFT's participation in Treasury’s TFTP efforts and the safeguards and assurances put in place.

>>7844144

US Dept. of the Treasury website. Anon lead.

The Trump Administration is committed to combating threats to America’s national security, and Treasury plays a critical role in that effort. Treasury’s Office of Terrorism and Financial Intelligence (TFI) is tasked with using financial intelligence, expertise, and authorities to combat terrorist financing, money laundering, weapons proliferators, rogue regimes, human rights abusers, cyber criminals, and other threats to the United States and our allies.

311 ANNOUNCEMENTS

FinCEN Withdraws Section 311 Actions Against Latvia's VEF Banka

Treasury Identifies Lebanese Canadian Bank Sal as a “Primary Money Laundering Concern”

Treasury Wields PATRIOT Act Powers to Isolate Two Latvian Banks

Fact Sheet Regarding the Treasury Department’s Use of Sanctions Authorized Under Section 311 of the USA PATRIOT ACT

Treasury Department Rescinds Ukraine’s Designation as a Primary Money Laundering Concern

Treasury Employs USA PATRIOT Act Authorities to Designate Two Foreign Banks as "Primary Money Laundering Concerns"

Treasury Department Announces Proposed Anti-Money Laundering Countermeasure Against Nauru

Treasury Designates Commercial Bank of Syria as Financial Institution of Primary Money Laundering Concern

Treasury Department Designates Burma and Two Burmese Banks to be of “Primary Money Laundering Concern” and Announces Proposed Countermeasures

Revocation of Designation of Ukraine as Primary Money Laundering Concern

Steven Terner Mnuchin was sworn in as the 77th Secretary of the Treasury on February 13, 2017.

As Secretary, Mr. Mnuchin is responsible for the U.S. Treasury, whose mission is to maintain a strong economy, foster economic growth, and create job opportunities by promoting the conditions that enable prosperity at home and abroad. He is also responsible for strengthening national security by combating economic threats and protecting our financial system, as well as managing the U.S. Government’s finances.

Secretary Mnuchin has played a pivotal role in advancing the Administration’s economic agenda, including the passage and implementation of its key legislative achievement, the Tax Cuts and Jobs Act. He also leads the Treasury Department’s regulatory reform efforts. Secretary Mnuchin is chair of the Committee on Foreign Investment in the United States (CFIUS) and is a member of the National Security Council. He is responsible for using economic tools to combat terrorist financing and other threats to the United States and our allies.

Prior to his confirmation, Secretary Mnuchin was Finance Chairman for Donald J. Trump for President and traveled extensively with the President. He also served as a Senior Economic Advisor to the President in developing his economic agenda.

Prior to his confirmation he also served as Founder, Chairman, and Chief Executive Officer of Dune Capital Management. He founded OneWest Bank Group LLC and served as its Chairman and Chief Executive Officer until its sale to CIT Group Inc. Earlier in his career, Secretary Mnuchin worked at The Goldman Sachs Group, Inc. where he was a Partner and served as Chief Information Officer. He has extensive experience in global financial markets and investments.

Secretary Mnuchin is committed to philanthropic activities and previously served as a Member of the Boards of the Museum of Contemporary Art Los Angeles (MOCA), the Whitney Museum of Art, the Hirshhorn Museum and Sculpture Garden on the Mall, the UCLA Health System Board, the New York Presbyterian Hospital Board, and the Los Angeles Police Foundation. He was born and raised in New York City. Secretary Mnuchin holds a Bachelor's Degree from Yale University.

>>7844318

Major international maneuvers have been launched to establish a blockchain for agri-food traceability from a consortium of companies that have been joined by a series of partners like Driscoll, Golden State Foods, Kroger, McCormick, McLane, Tyson Foods and IBM. Therefore, DLT is in support of the food universe.

Suffice it to say that giants like Walmart, Nestlé, Unilever, Dole and Carrefour are conducting experiments to integrate a new food traceability model capable of setting a quantitative and qualitative model of data shared along the entire agrifood chain.

Particularly, Carrefour, which applied for the first time in France and in Europe the model for the chicken from Auvergne Carrefour Quality Chain: a farm good, raised in the open air and covered by PGI, which determines sales of 1 million of clothes per year. The food products that are tracked using blockchain also include tomatoes, oranges, eggs, cheeses, hamburgers and salmon.

Blockchain Technology Making Food Traceability Possible in Italy

Nov 26, 2019 at 10:51 // NEWSAuthor

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