News

Terror Funds Frozen by the U.S. Fell Five Percent in 2009: Treasury Department

By Brian Monroe

The total assets frozen by the United States because of purported ties to terrorism fell five percent in 2009 from the previous year, the U.S. Treasury Department said Monday. The drop, from $315 million in 2008 to $300 million last year, included a $10 million dip in the assets owned by U.S. state sponsors of terrorism driven mostly by declines in Cuban and Sudanese funds held by the United States. The countries sanctioned under the U.S. list include Cuba, Iran, Syria and Sudan. Frozen assets purportedly tied to specific terrorist organizations also fell 20 percent in 2009, from nearly $25...

TO READ THE FULL STORY