http://story.news.yahoo.com/news?tmpl=story&cid=542&ncid=716&e=6&u=/ap/20040429/ap_on_go_ca_st_pe/terrorism_financing4 Treasury Agents Track Bin Laden Money
By JOHN SOLOMON, Associated Press Writer
WASHINGTON - The Treasury Department agency entrusted with blocking the financial resources of terrorists told Congress that at the end of last year it had just four full-time employees dedicated to investigating Osama bin Laden's and Saddam Hussein's wealth while nearly two dozen were working on Cuban embargo violations.
In addition, the Office of Foreign Assets Control said that between 1990 and 2003 it opened just 93 enforcement investigations related to terrorism and collected just $9,425 in fines for terrorism financing violations since 1994.
In contrast, OFAC opened 10,683 enforcement investigations since 1990 for possible violations of the long-standing economic embargo against Fidel Castro's regime, and collected more than $8 million in fines since 1994, mostly from people who sent money to, did business with or traveled to Cuba without permission.
The figures, included in a lengthy letter OFAC sent to Congress late last year and provided to The Associated Press this week, prompted the top Republican and Democrat on the Senate Finance Committee to openly question whether OFAC has failed to adjust from the Cold War to the war on terrorism. <snip>
Last Christmas, Grassley and Baucus accused the agency of failing to freeze on at least two occasions the money of people identified by U.S. allies as terrorist financiers. <snip>