Treasury Reports on Assets in U.S. of Terrorist Countries and Designees

Treasury Reports on Assets in U.S. of Terrorist Countries and Designees

By Andrew Cochran

The U.S. Treasury has released its latest annual report on the assets in the U.S. of state sponsors of terror and the other international terrorism program designees (Acrobat file). This report, mandated under law since 1991, is the sixteenth released by the Treasury and covers calendar year 2007.

As of December 31, 2007, the amount of assets of international terrorist organizations and individuals which were blocked totaled over $20.7 million. Of that, over $11.3 million constituted assets of Al Qaeda, and that level was an increase of almost 46 percent over the level blocked as of the end of 2006. The report states, “The increase in blocked terrorist organization assets in 2007 is due to new or additional blockings, interest paid on blocked funds, and increased share price on certain blocked securities.”

As of December 31, 2007, the amount of blocked funds in the U.S. relating to the state sponsors of terrorism on that date (Cuba, Sudan, Syria, North Korea, and Iran) totaled over $315 million, including a small amount of funds in foreign branches of U.S.-based banks. Additionally, there were $87 million in funds of Iran and Syria which were not blocked, and also unvalued real and tangible personal property located in the U.S. The report includes more details on each of those three categories.
October 9, 2008 04:27 PM

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