The Department of the Treasury’s Office of Foreign Assets Control has released its Twenty-seventh Annual Report to the Congress on Assets in the United States Relating to Terrorist Countries and Organizations Engaged in International Terrorism for calendar year 2018.
The United States implements economic sanctions against terrorist organizations and state sponsors of terror to combat the financing of international terrorism. As a result, the U.S. government seizes millions of dollars in assets held in the United States by terrorist organizations and supporters.
The report provides a background of the events and legislation driving the economic sanctions, a summary of the assets seized related to international terrorist organizations, and a summary of assets seized related to state sponsors of terrorism.
In total, the U.S. government seized $46,181,775 in assets related to over 40 different international terrorist organizations in 2018. Over $216 million in assets were seized related to three state sponsors of terrorism: Iran, Syria, and North Korea.
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Author: Vincent Milano