OFAC Releases 2014 Terrorist Assets Report

The U.S. Department of the Treasury’s Office of Foreign Assets Control recently released its 23rd Terrorist Assets Report. As of December 2014, terrorist assets blocked in the United States totaled $21.8 million. These blocked funds belong to, or is controlled by, terror groups including al-Qaida, Hamas and Hezbollah.

The report also includes blocked funds and non-blocked funds related to Cuba, Iran, Sudan, and Syria, which the report identifies as “state sponsors of terrorism.” OFAC identified $2.4 billion in assets in the U.S. as belonging to state sponsors of terrorism, with $35 million of that amount representing non-blocked assets of individuals and entities located in Iran and Syria.

About Rob Rowe

Rob Rowe
Rob Rowe is vice president and associate chief counsel for regulatory compliance at ABA.
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