US Blocks $ 63M Funds Global Terrorist Groups Fund in 2019: Report

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All three groups are Pakistan-based terrorist outfits. (Representative)

Washington:

In 2019, the US blocked $ 63 million in funds for certain terrorist groups, including Pakistani outfits, as part of its crackdown on foreign terrorist organizations, according to an annual Treasury Department report.

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

All three groups are Pakistan-based terrorist outfits. Harkat-ul-Mujahideen-al-Islami is an Islamic jihad group that operates mainly in Kashmir.

Another Pakistan-based terrorist firm based in Kashmir, Hizbul Mujahideen, blocked USD 4,321 from the US in 2019, up from USD 2,287 the previous year, the report said.

For the Tehrik-e Taliban Pakistan, the US blocked USD 5,067 in 2019, up from a paltry USD 318 in 2018.

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

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

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

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

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

The report pointed to a significant decrease in U.S.-blocked Taliban funds from $ 296,805 in 2018 to $ 59,065 in 2019.

According to the report, the combination of programs of sanctions against international terrorists and terrorist organizations with programs against governments supporting terrorism represents a far-reaching attack on international terrorism and its supporters and financiers.

The US also blocked $ 200.19 million in funding from countries designated as sponsors of terrorism – Iran, Sudan, Syria and North Korea.

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

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