Treasury Imposes Sanctions on Funders of Terrorist Groups

By Jenny Park

On the same day that the UN Security Council adopted an international counterterrorism resolution, the U.S. Treasury imposed sanctions on 11 people and one entity that funded terrorist groups, including the Islamic State. The sanctions freeze the individuals’ assets and bars U.S. citizens from doing business with them. Since the targeted terrorist groups raise much of its funds locally - thus, beyond the scope of government reach - the impact of these sanctions is unclear. Nonetheless, the purpose is to publicly expose those involved and to restrict the flow of money.