News Ticker >
[ January 18, 2020 ]

Saturday Night Cinema: La Notte (1961)

[ January 18, 2020 ]

Palestinian Muslim Woman Running To Be Manhattan’s Next District Attorney

[ January 18, 2020 ]

Women Quitting Jobs in Swedish No-Go Area Mall Due to Harassment from Migrant Men

[ January 18, 2020 ]

More Than 120 Members of Congress Issue Letters of Support for Hamas-tied terror org CAIR

[ January 18, 2020 ]

‘Jabba The Jihadi,’ 560-Pound Terrorist, Arrested In Iraq

[ January 18, 2020 ]

Londoner Rashidul Islam who made multiple bomb threats to easyJet passenger flight gets 16 months...

[ January 18, 2020 ]

“Rise and Resist” Communists Protest “Sycophat” Nikki Haley at Federalist Society Gala

[ January 17, 2020 ]

US Public School Teacher Threatens Muslim Girl for Taking Off Hijab

[ January 17, 2020 ]

Iranian crown prince and heir to the throne : Tehran regime on the brink of...

[ January 17, 2020 ]

Babson College professor fired after saying Iran should target Kardashians, Mall of America |

On 9/11 Anniversary, Trump Administration Unveils New Sanctions Related to Terror Financing

8

Sadly, it doesn’t cover funding to UAE designated terror groups CAIR, ISNA, MAS, et al.

Trump Administration Unveils New Sanctions Related to Terror Financing

Expansion of counterterrorism powers comes on eve of 18th anniversary of Sept. 11 attacks

Secretary of State Mike Pompeo, left, with Treasury Secretary Steven Mnuchin on Tuesday, said new powers created by an executive order by President Trump bolster authorities created in the wake of the Sept. 11 attacks.

By Ian Talley, Wall Street Journal Sept. 10, 2019:

WASHINGTON—The Trump administration unveiled new counterterrorism powers on the eve of the 18th anniversary of the Sept. 11 attacks and imposed sanctions on dozens of individuals and entities allegedly involved with terror groups.

Secretary of State Mike Pompeo said on Tuesday that the new powers created by an executive order by President Trump bolster authorities created in the wake of the attacks. The administration said the changes represent the most significant expansion of counterterrorism powers since they were originally ordered by then-President George W. Bush in the days after the World Trade Center and Pentagon were struck.

The U.S. Treasury and State Department blacklisted dozens of people, currency-exchange houses and companies allegedly associated with U.S.-designated terror groups, including Hamas, al Qaeda, Islamic State, Hezbollah and the Quds Force of Iran’s Islamic Revolutionary Guard Corps.

Besides cutting off the targets’ access to the U.S., the sanctions also mean any individual or company doing business with them also risk being cut off from the world’s most powerful economy.

Treasury Secretary Steven Mnuchin, who appeared with Mr. Pompeo at a press briefing, said the modernized counterterrorism executive order helps the administration target the financial networks used by terror groups.

“These new authorities will allow the U.S. government to starve terrorists of resources they need to attack the United States and our allies, and will hold foreign financial institutions who continue to do business with them accountable,” Mr. Mnuchin said.

Many of the targets of Tuesday’s sanctions are companies that exchange one currency for another as part of an alleged attempt to hide the intended source and intended terror-financing recipients. Those exchange houses, U.S. officials and terror experts say, are key conduits for financing Hezbollah, Hamas, the IRGC and other groups.

Under the new powers, any foreign financial institution that is found to have conducted terror-linked transactions risks losing access to the dollar and the world’s most important financial system, a sanction that has often spelled the end of financial institutions.

Many of the targets also have operations in Turkey, highlighting a major concern among U.S. officials that lax financial and corporate oversight by the government in Ankara has allowed terror financing and evasion of sanctions to proliferate in the country. The Turkish Embassy in Washington didn’t immediately respond to a request for comment.

The Truth Must be Told

Your contribution supports independent journalism

Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.

Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.

Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.

Please contribute to our ground-breaking work here.


Make a monthly commitment to support The Geller Report – choose the option that suits you best.

Contribute Monthly - Choose One

Have a tip we should know? Your anonymity is NEVER compromised. Email tips@thegellerreport.com

Pin It on Pinterest