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The 2006 Terrorist Assets Report has just been released from the US Treasury OFAC. Here are some key points from the report:
A. The State Sponsors of Terrorism
“Terrorist countries” for purposes of this report are the state sponsors of terrorism designated by the Secretary of State under Section 6(j) of the Export Administration Act (50 U.S.C. App. § 2405) and Section 40(d) of the Arms Export Control Act (22 U.S.C. § 2780(d)). States currently designated as sponsors of terrorism are: Cuba, Iran, North Korea, Sudan, and Syria.
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Because the Cuba sanctions target not only the Government of Cuba, but also its nationals, defined to include entities and individuals, the reported figure includes the blocked assets of all these parties. Consequently, this figure includes assets associated with blocked wire transfers intended for or sent by Cuban nationals. It also includes assets owned by third parties that have been blocked due to the indirect or contingent interests of the Cuban government or Cuban nationals. The decrease in blocked funds reported for the Cuba sanctions program, see Table 1, is attributable primarily to a judicially-ordered turnover of assets. See Weininger v. Castro, 462 F.Supp.2d 457 (S.D.N.Y. 2006).
The report also notes that Cuba owns six blocked properties located in New York and Washington, D.C.
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Since Cuba is on the list of State Sponsors of Terrorism, OFAC blocked $196 million dollars of funds in 2006.
In case you are wondering just how much funding the four other State Sponsors of Terrorism countries was blocked in 2006:
Iran $1.1million
North Korea $31.7million
Sudan $80.6million
Syria $0million
If you find these numbers rather lopsided against Cuba, you will also find it interesting that a search for “bin laden” returned ZERO results.
Would someone please tell me why so many resources are being devoted to blocking Cuban assets and NOT ONE WORD about bin laden? Also, do we really need to consider Cuba to be a State Sponsor of Terrorism? I think their last foreign military engagement was in Angola in the 1970s or 1980s.
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Judging by the title of the document the reason why Osama Bin Laden the individual is not on there is because these statistics have to do with nations not organizations, or in other words the nations that sponsor terrorists not the terrorists themselves.
You are right we do block quite a bit, but we also give them more than double that in aid: http://www.census.gov/foreign-trade/statistics/product/enduse/exports/c2390.html
particularly medicines
We don’t give Cuba ANY medical or any other kind of aid except for a recent bill funding dissidents that are thus tainted by taking aid from a foreign government.
That URL you posted shows SALES of food and medicine.
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No problem. Didn’t mean to yell at you. I am more frustrated with the system than your comments.
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