In 2001, President Obama announced the Strategy to Combat Transnational Organized Crime. The purpose of this strategy was to commit to the “pursuit of four enduring national interests: security, prosperity, respect for universal values, and the shaping of an international order that can meet the challenges of the 21st century.”
FinCEN has stepped up to the plate in this fight, making TOC a priority. The director of FinCEN remarked in a speech in 2011 in conjunction with Obama’s strategy announcement that “while the effects are felt here in the U.S., the perpetrators, witnesses, and evidence reside abroad, often in jurisdictions unable or unwilling to cooperate with our investigative efforts.”
FinCEN joined forces with government agencies around the globe to establish direct communication avenues to ensure crimes do not go unthwarted due to simple miscommunications. It also stood with the former president’s strategy, which had these five goals, as outlined by the FinCEN director the 2011 speech:
- Help partner countries strengthen governance and transparency, break the corruptive power of transnational criminal networks, and sever state-crime alliances.
- Break the economic power of transnational criminal networks and protect strategic markets and the U.S. financial system from TOC penetration and abuse.
- Defeat transnational criminal networks that pose the greatest threat to national security by targeting their infrastructures, depriving them of their enabling means, and preventing the criminal facilitation of terrorist activities.
- Build international consensus, multilateral cooperation, and public-private partnerships to defeat transnational organized crime.
- Protect Americans and our partners from the harm, violence, and exploitation of transnational criminal networks.