US blocks over USD 46 million in funds of global terrorist groups: report

The US blocked more than USD 46 million in funds of designated terrorist groups, including Pakistan-based outfits, until last year as part of its crackdown on foreign terrorist organisations and individuals, according to an annual report by the treasury department.

The report released by the US Department of Treasury states the US blocked nearly USD 400,000 in funds of the Lashkar-e-Taiba (LeT) and USD 1,725 of the Jaish-e Mohammed.

The Department of Treasury's Office of Foreign Assets Control (OFAC) is the leading US Government agency responsible for implementing sanctions against the assets of international terrorist organisations and terrorism-supporting countries.

The federal body implements these sanctions as part of its general mission to administer and enforce economic and trade sanctions based on US foreign policy and national security goals.

According to the report, till 2018, the US blocked more than USD 46.1 million in funds of designated terrorist groups and individuals, ..