U.S. blocks $ 63 million in funds from global terrorist groups in 2019: report

US freezes $ 63 million in funds from global terrorist groups in 2019: report

All three groups are terrorist groups based in Pakistan. (Representative)

Strong points

  • The 70 designated terrorist groups include groups based in Pakistan
  • The highest fund, 3.9 million USD, was that of the al-Qaeda group
  • US blocked $ 342,000 in Lashkar-e-Taiba funds

Washington:

The United States blocked $ 63 million in funds from designated terrorist groups, including groups based in Pakistan, in 2019 as part of its crackdown on foreign terrorist organizations, according to an annual Treasury Department report.

The report released Thursday by the US Treasury Department says the US has blocked $ 342,000 in funds from Lashkar-e-Taiba (LeT), $ 1,725 ​​from Jaish-e Mohammed (JeM) and $ 45,798 from Harkat-ul- Mujahideen-al-Islami.

All three groups are terrorist groups based in Pakistan. Harkat-ul-Mujahideen-al-Islami is an Islamic jihad group operating primarily in Kashmir.

Hizbul Mujahideen, another Pakistan-based terrorist group focused on Kashmir, blocked $ 4,321 from the United States in 2019, up from $ 2,287 the year before, according to the report.

For the Tehrik-e Taliban Pakistan, the United States blocked $ 5,067 in 2019 against a paltry $ 318 in 2018.

The Treasury Department’s Office of Foreign Assets Control (OFAC) is the principal US government agency responsible for implementing sanctions against the assets of international terrorist organizations and countries supporting terrorism.

The federal agency implements these sanctions as part of its general mission to administer and enforce economic and trade sanctions based on US foreign policy and national security objectives.

According to the report, in 2019, the United States blocked $ 63 million in funds from nearly 70 designated terrorist organizations, the highest being $ 3.9 million from the al Qaeda group. While the total of funds blocked in 2018 was $ 46 million, that of Al Qaeda was $ 6.4 million that year.

Newsbeep

The list includes the Haqqani network ($ 26,546). This is a significant increase from $ 3,626 in 2018.

The United States continues to lock in $ 580,811 in Sri Lanka-based Tamil Eelam Liberation Tigers (LTTE) funds, which have remained the same for two years – 2018 and 2019.

The report indicated a significant drop in Taliban funds stranded by the United States, from $ 296,805 in 2018 to $ 59,065 in 2019.

According to the report, the combination of sanctions programs targeting international terrorists and terrorist organizations with those targeting governments supporting terrorism constitutes a large-scale attack on international terrorism and its supporters and financiers.

The United States has also blocked $ 200.19 million in funds from countries designated as sponsors of terrorism – Iran, Sudan, Syria and North Korea.

(Except for the title, this story was not edited by NDTV staff and is posted from a syndicated feed.)

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