OFAC Releases Report on Terrorist Assets in U.S.
The Office of Foreign Assets Control released its 2012 report on U.S. assets relating to terrorist countries and international terrorism program designees May 28. The annual report, submitted to Congress, provides data on blocked U.S. funds relating to international terrorist organization, state sponsors of terrorism and non-blocked funds relating to Iran and Syria.
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The total amount of blocked funds relating to state sponsors of terrorism in the U.S. in 2012 was about $2.3 billion, up from $398 million in 2011. The increase was due to a large rise in assets covering Iran. Last year, OFAC reported the assets -- subject to litigation and restrained by court order -- in a footnote instead of the actual report. Non-blocked funds in the U.S. were at $125 million in 2012, an increase of $3 million from 2011. Total blocked funds for specially designated nationals or foreign terrorist organizations in 2012 was $21,826,293. That's an increase of about $716,000 over 2011.