US blocks $ 63 million in global terrorist group funds in 2019: report

All three groups are being held terrorist by Pakistan. (Representative)

Highlights

  • The 70 designated terrorist groups include outfits based in Pakistan
  • The largest fund of $ 3.9 million was from the al-Qaeda group
  • The United States has blocked $ 342,000 in Lashkar-e-Taiba funds

Washington:

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

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

All three groups are being held terrorist by Pakistan. Harkat-ul-Mujahideen-al-Islami is an Islamic jihad group operating mainly in Kashmir.

Another Pakistani-based terrorist suit based in Kashmir, Hezbollah Mujahideen has $ 4,321 blocked by the US in 2019 compared to $ 2,287 last year, the report said.

For Pakistan’s Tehrik-e Taliban, the US blocked $ 5,067 in 2019 compared to $ 318 in 2018.

The Treasury Department’s Office for the Control of Foreign Assets (OFAC) is the largest U.S. government agency responsible for enforcing sanctions against the assets of international terrorist organizations and countries that support terrorism.

The federal body implements these sanctions as part of its overall 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 US blocked the funds of 63 million US dollars of almost 70 designated terrorist organizations, the largest being 3.9 million dollars of the al-Qaeda group. While the total blocked fund in 2018 was $ 46 million, Al Qaeda’s was $ 6.4 million that year.

Newsbeep

The list includes the Haqqani network ($ 26,546). It is a significant increase compared to 3,626 USD in 2018.

The US continues to block USD 580,811 in funds for the Liberation Tigers of Tamil Eelam (LTTE), based in Sri Lanka, which remained the same for two years – 2018 and 2019.

The report indicated a significant decrease in US-held Taliban funds 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 that support terrorism is a widespread assault on international terrorism and its supporters and funders.

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

(Except for the title, this story was not edited by NDTV staff and is published in a syndicated stream.)

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