 |
| Related News |
|
|
|
 |
 |
 |
 |
| US Freezes Terrorists' Assets |
|
 |
 |
 |
 |
|
TUE, SEP 25, 2001
|
|
|
The United States has decided to hit terrorism right in the wallet. President George W. Bush signed an executive order freezing the US assets of companies he said were serving as fronts or affiliated with terrorist groups.
The assets of twenty-seven individuals and organisations were immediately frozen on Monday, after the executive order was signed, and more companies are likely to end up on the list.
George W. Bush said: "They include terrorist organisations, individual terrorist leaders, a corporation that serves as a front for terrorism and several non-profit organisations."
President Bush called on banks and financial institutions around the world to freeze or block terrorists' ability to access funds in foreign accounts. He threatened that if they fail to help the US by sharing information or freezing accounts, the US would freeze their banks' assets and transactions in the country.
The US President's order marked the first public step in the war on terrorism on the financial front, following the September 11th terrorist attacks on New York and Washington. Over 6,500 people are presumed dead in the attacks.
|
|
|
