EARLY 2000: TREASURY DEPARTMENT BLOCKED FROM FREEZING ASSETS OF AL-QAEDA FINANCIERS IN SAUDI ARABIA

Treasury Department official Richard Newcomb has been to Saudi Arabia with other US officials in an attempt to pressure the Saudis to crack down on financing al-Qaeda, but no action has resulted.

He had threatened to freeze the assets of certain individuals and groups funding al-Qaeda if not action is taken, and now he starts to act on that threat. As head of the Treasury Department's Office of Foreign Assets Control, he submits names for sanctions. But imposing sanctions requires approval from an interagency committee, and the permission to go ahead is never given. CIA and FBI officials are "lukewarm to the idea, worried that sanctions would chill what little cooperation they had with their Saudi counterparts." But the State Department puts up the most opposition. One official will later recall, "The State Department always thought we had much bigger fish to fry."

Originally by Paul from Center for Cooperative Research on July 17, 2007, 6:16am

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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