The U.S. Treasury Department’s financial crimes unit has created a division that will be responsible for identifying foreign money-laundering threats.

The Financial Crimes Enforcement Network (FinCEN) has confirmed the Global Investigations Division will oversee investigations into terrorist financing and other crimes involving illicit finance, working closely with foreign governments.

The division will be led by Matthew Stiglitz, who was previously a senior official in the Justice Department’s criminal division. “We are excited to have him on our team as we stand up GID to further focus FinCEN’s investigative efforts to protect our nation and its people from harm,” FinCEN Director Kenneth Blanco said in a statement.

The Global Investigations Division will oversee the Treasury’s strategy for taking action in response to a range of possible threats to national security.

The Treasury has the power under Section 311 of the Patriot Act to designate foreign jurisdictions or institutions as a primary money-laundering concern. Under the law, the Treasury can also require U.S. financial institutions to adopt relevant controls.

The new division replaces FinCEN’s Office of Special Measures, which was previously part of the enforcement division, according to the statement.