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Treasury has 4 working on Terrorist money, 2 dozen working on Cuba embargo

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
papau Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-29-04 10:21 AM
Original message
Treasury has 4 working on Terrorist money, 2 dozen working on Cuba embargo
http://story.news.yahoo.com/news?tmpl=story&cid=542&ncid=716&e=6&u=/ap/20040429/ap_on_go_ca_st_pe/terrorism_financing
4 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>

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rkc3 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-29-04 10:28 AM
Response to Original message
1. It makes you wonder...
why, if finding terrorism funding is so important, we still continue to focus on Cuba.

These guys are nuts. Ashcroft and Cheney probably still think Cuba has nukular missiles ready to be launched toward Miami.

Hi, I'm George Bush and I put the re- in retard.
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-29-04 10:37 AM
Response to Reply #1
2. Damn good thing the adults are in charge - since what would Kerry do that
was different?
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Vogon_Glory Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-29-04 10:39 AM
Response to Original message
3. Outrageous, US National Security At Risk
That's outrageous. In these times of terrorist attacks and in the aftermath of dictator Hussein's overthrow, enforcement of the Cuban embargo should be downgraded--to the lowest priority.

Osama bin Laden and his murderous are likely to kill hundreds, if not thousands, of American citizens than Castro's decrepid Marxist state.
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yellowcanine Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-29-04 10:43 AM
Response to Original message
4. Well at least we know what their priorities are - can't have muricans
spending money in Cuba and propping up uncle Fidel, now can we? Dip shits.
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