WASHINGTON (AP) — 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.
Mike Thomas
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