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U.S. Says $5 Million of Hizbullah's Assets Frozen
[An Nahar] The Terrorist Assets Report referred by the Department of Treasury to the Congress found that around $5 million in Hizbullah assets were blocked in the United States.A chart in the report said exactly $4,882,893 were blocked as of 2011. The 20th annual report to the Congress found $21.1 million in assets blocked from "specially designated global terrorists, cut-throats threatening the Middle East grinding of the peace processor and foreign terrorist organizations." It described Hizbullah as a "terrorist organization threatening to disrupt" the Mideast grinding of the peace processor. The U.S. has identified Cuba, Iran, Sudan and Syria as state sponsors of terrorism. The Treasury's Office of Foreign Assets Control (OFAC) said it identified a total of $520.1 million in assets from the four countries, blocking $398.6 million of it. OFAC is the lead office responsible for implementing sanctions with respect to assets of "international terrorist organizations and terrorism-supporting countries." Posted by: Fred 2012-03-18 |
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