
Patterns of Global Terrorism - 2003
Released by the Office of the Coordinator for Counterterrorism
April 29, 2004
Appendix F -- Countering Terrorism on the Economic Front
Since the terrorist attacks of September 11, 2001, the US Government has taken a number of steps to block terrorist funding.
On 23 September 2001, for example, the President signed Executive Order (EO) 13224. In general terms, the EO provides a means to disrupt the financial-support network for terrorists and terrorist organizations. It authorizes the US Government to designate and block the assets of foreign individuals and entities that commit, or pose a significant risk of committing, acts of terrorism. In addition, because of the pervasiveness and expansiveness of the financial foundations of foreign terrorists, the order authorizes the US Government to block the assets of individuals and entities that provide support-financial or other services-or assistance to, or otherwise associate with, designated terrorists and terrorist organizations. The EO also covers their subsidiaries, front organizations, agents, and associates.
The Secretary of State, in consultation with the Attorney General and the Secretary of the Treasury, has continued to designate foreign terrorist organizations (FTOs) pursuant to section 219 of the Immigration and Nationality Act, as amended. Among other consequences of such a designation, it is unlawful for US persons or any persons subject to the jurisdiction of the United States to provide funds or material support to a designated FTO. US financial institutions are also required to retain the funds of designated FTOs.
A few 2003 highlights follow:
As of 18 December 2003, the total number of individuals and entities designated under EO 13224 is 344. The US Government has blocked more than $36.5 million in assets of the Taliban, al-Qaida, and other terrorist entities and supporters. Other nations have blocked more than $100.3 million in assets.
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