US Treasury announces coordinated designations by the Terrorist Financing Targeting Center

The US Department of the Treasury recently announced 16 coordinated designations by members of the Terrorist Financing Targeting Center (TFTC) of individuals, entities and groups affiliated with regional terrorist organizations.  The TFTC was established to enable the US and Persian Gulf countries, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, to combine efforts to combat money laundering and terrorist financing networks through the sharing of information, coordination of joint disruptive actions, and the offering of capacity-building training and other counterterrorist assistance.  The designations target 14 individuals and other entities associated with the Islamic Revolutionary Guard Corps-Qods Force, ISIS, and Boko Haram, and the designation of Saraya al-Ashtar and Saraya Al-Mukhtar, two terrorist groups associated with the Islamic Revolutionary Guard Corps.  These designations mark the fifth year of coordinated sanctions by the TFTC.

The action of the Office of Foreign Assets Control was pursuant to EO 13224, as amended, which targets terrorists, their leaders and those who support terrorists or acts of terrorism; EO 13582, which targets those who sponsor or provide financial, material or financial support to the Government of Syria; and EO 13573, which targets senior officials of the Government of Syria. 

Department of Treasury Press Release

 
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