US to freeze assets of those threatening a stable Iraq

President George W. Bush has signed an order enabling the US government to freeze the assets of people who threaten Iraq's stability, the White House announced.

US to freeze assets of those threatening a stable Iraq
President George W. Bush has signed an order enabling the US government to freeze the assets of people who threaten Iraq's stability, the White House announced.

Bush's executive order, which was released by the White House, empowers the US Treasury and other government agencies to freeze the property of persons who have committed, or may mount, acts of violence in Iraq and against that country's government.

The order also targets individuals seeking to harm humanitarian workers and others involved in Iraq's reconstruction efforts.

The Treasury Department, which already manages wide-ranging global programs blocking the assets of individuals and entities deemed to be a threat to US interests, has not yet targeted any particular individuals or entities in respect to Bush's order.

However, a Treasury spokeswoman said the department would likely be drawing up such a list in coming weeks and months.

Targeted individuals or entities can find it harder to transfer cash and other assets, and also find themselves cut off from the US financial system, depending on a range of measures available to the Treasury.

"All agencies of the US government are hereby directed to take all appropriate measures within their authority to carry out the provisions of this order," Bush's order stated.

The measure calls for US officials to block all property and interests of persons deemed a threat to Iraq's stability within the US or which come under the control of Americans.

AFP

Güncelleme Tarihi: 20 Temmuz 2007, 14:10
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