U.S. Treasury Designates Three Organizations as Terrorist Funders

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Wednesday, January 1, 2003
Author: 
Bruce Zagaris
Volume: 
19
Issue: 
1
23
Abstract: 
On November 19, 2002, the Treasury Department designated three related organizations as financial supporters of terrorism under Executive order 13224 and requested that the United Nations also list them as groups whose assets should be blocked under terms of Security Council resolution 1390. The organizations Treasury designated are the Benevolence International Foundation, Benevolence International Foundation (Canada), and Bosanka Idealna Futura (Bosnia), as well as their branch offices, according to a Treasury statement. Financial accounts of the Benevolence International Foundation (BFI), which Treasury describes at the ?principal entity,? were blocked in December 2001, prior to an investigation of its financial activities. The Treasury press release evidences continued efforts by the U.S. Treasury to add to its counter-terrorism list members of individuals and entities linked to Al Qaeda and other terrorist groups.