Wednesday, January 20th | 7 Shevat 5781

Subscribe
January 5, 2021 10:18 am

US Sees Mixed Results on Thwarting Assets Going to Terror Groups, Sponsors

avatar by JNS.org

Hamas fighters take part in a rally marking the 31st anniversary of the terror group’s founding, in Gaza City, Dec. 16, 2018. Photo: Reuters / Ibraheem Abu Mustafa.

JNS.org – A new report from the State Department has found that US authorities have had mixed results in blocking assets going to terrorist entities and state sponsors of terrorism.

According to the Terrorist Assets Report, which is sent annually to Congress, the United States saw a decrease in blocking assets to Hamas, Palestine Islamic Jihad (PIJ) and Iran’s Islamic Revolutionary Guard Corps (IRGC) from the previous year, while it blocked more in assets tied to Iran, Syria and Hezbollah in that period.

In 2019, the United States blocked $927,915 in assets tied to Hamas, a $437,068 decrease from 2018; it blocked $1,121,760 in assets belonging to the IRGC, a $13,868,001 decrease from the previous year; and it blocked $23,481 in assets tied to PIJ, a $36,258 decrease from 2018.

Additionally, in 2019, America blocked $399,253 in assets belonging to the Islamic State (ISIS), a decrease of $258,436 from 2018.

Related coverage

January 20, 2021 6:08 pm
0

‘May G-d Bless Your Efforts:’ Israeli Leaders Congratulate Biden on Presidential Inauguration

Israeli leaders on Wednesday offered congratulations and good wishes to newly-inaugurated US President Joe Biden and Vice President Kamala Harris. In...

On the other hand, in 2019, the United States blocked $22,826,728 in assets tied to Hezbollah, an $11,225,057 increase from the previous year. It blocked $129 in assets belonging to Kata’ib Hezbollah, which has conducted attacks on US and fellow coalition forces in Iraq in 2019 (there was no 2018 figure listed for the affiliate).

Furthermore, the United States blocked $40,000 in assets tied to the Popular Front for the Liberation of Palestine (PFLP).

Hamas, Hezbollah, Kata’ib Hezbollah, ISIS, the IRGC, PIJ and the PFLP are US-designated terrorist groups.

Regarding state sponsors of terrorism, the United States blocked Iran from $119.54 million in assets in 2019, a $12.13 million increase from the previous year; and it blocked Syria from $36.17 million in assets, a $1.1 million increase from 2018.

Jonathan Schanzer, who worked on sanctions policy at the US Treasury Department, and currently serves as senior vice president of research at the Foundation for Defense of Democracies, told JNS that the report “is often a reflection of US sanctions priorities.”

Therefore, he said, it’s unsurprising that “Iran, Syria and Hezbollah saw an increase in blocked funds,” although he noted that it was unusual “to see a drop in IRGC blocked funds, given that the guards remained a focus of administration policy.”

“Similarly, one might have expected a slight uptick in blocked Hamas assets, given administration priorities,” he continued. “PIJ and PFLP are both relatively small terrorist groups, so the amount of blocked assets would logically be small.”

Schanzer said “it should be noted that the US has captured fewer assets over the years, as terrorist groups have adjusted to the US sanctions system. While working in dollars is still attractive, these groups have been forced to work in other denominations given the heightened risk. To a certain extent, the US can be said to be a victim of its own success.”

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.