(January 4, 2021 / JNS) A new report from the State Department has found that U.S. 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.
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 U.S. 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 U.S.-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 U.S. 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 U.S. 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 U.S. has captured fewer assets over the years, as terrorist groups have adjusted to the U.S. 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 U.S. can be said to a victim of its own success.”
Jewish News Syndicate
With geographic, political and social divides growing wider, high-quality reporting and informed analysis are more important than ever to keep people connected.
Our ability to cover the most important issues in Israel and throughout the Jewish world—without the standard media bias—depends on the support of committed readers.
If you appreciate the value of our news service and recognize how JNS stands out among the competition, please click on the link and make a one-time or monthly contribution.
We appreciate your support.