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OFAC Blacklisted More than $420 million in Terrorist-Related Assets in 2007
printThe U.S. Treasury Department identified or blocked $424 million in assets tied to terrorist organizations and states that sponsor them in 2007, according to a government report released Thursday. The total marks a drop in blacklisted assets for the department's Office of Foreign Assets Control (OFAC), the nation's chief enforcer of sanctions lists, which identified or froze $428 million in assets in 2006. The bulk of the $324 million in blocked assets, $218 million, involved Cuba, an increase from the $196 million in blocked Cuban assets the previous year. Iran, making headlines for its alleged attempt to build a nuclear...
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