What is "freezing the assets" of terrorists.n why dont they freeze every terrorist's assets?

Question

How U.S. does that .what impact does it have?

Answer 1

"Freezing the assets" is a slang term that may mean anything from suspending access to a bank account to seizing a piece of real estate. Essentially, freezing is the denial of ownership rights.

Why don't "they" freeze every terrorist's assets? For the same reason "they" can't freeze every drug dealer's assets: terrorists and drug dealers are very good at hiding the relationship between them and their assets. There may be a Swiss bank account opened in the name of a Luxembourg corporation, which is owned by a Cayman corporation, which in turn is owned by a Panamanian trust, which purportedly had been set up by Pedro Gonzales, a citizen of Costa Rica, who knows nothing of it and whose name appears on the trust deed solely because his passport was stolen in 1998 and then used to set up the trust. That's the level of complexity involved in tracking criminals' international assets...

Answer 2

Asset Freeze Definition

Answer 3

OK, ignore everyone else who answered -- they have no idea what they're talking about.

Here's how it works:

If a terrorist or a terrorist-related entity is operating inside the United States, or through a US institution, we can "freeze" the assets, meaning that Abu Jihad can't use his ATM card to get a stack of $20. Since his cash is a US-controlled asset, that's pretty easy to do.

However, most terrorists -- for good reason -- don't use bank accounts in the United States. Instead, they rely on foreign bank accounts. So how in the world does the US freeze those assets, seeing as how they don't belong to the US?

It's actually pretty clever. Under Executive Order 13224, the Secretary of State, the Attorney General, and the Secretary of the Treasury can designate someone or something as a terrorist entity. Once that happens, any "US person" (that's a technical definition -- it includes US citizens, corporations, banks, associations, etc.), is forbidden from conducting any transactions with any entity that is terrorist or supports terrorist organizations.

Huh?

OK, the US can't forbid the Royal Bank of Saudi Arabia from giving Abu Jihad his money when he goes to the ATM machine. However, we can say to Saudi Arabia, "hey guys, Abu Jihad is a terrorist. You shouldn't give him his money." Saudi Arabia then has a choice: they can crack down on the Royal Bank of Saudi Arabia, or they can ignore it.

If they crack down on it and forbid the Royal Bank of Saudi Arabia from doing business with Abu Jihad, then everything is good. But say they don't crack down. What then?

Simply, the US designates the Royal Bank of Saudi Arabia as an entity that supports terrorism. Now what happens? Under EO 13224, all US institutions -- banks, companies, individuals -- are forbidden from conducting transactions with the Royal Bank of Saudi Arabia. That bank would now find itself completely isolated from the US banking and financial sectors, which pretty much means they would go out of business.

Pretty neat, huh?

So why don't we freeze every terrorists' assets?

Well, we certainly try. However, in order to freeze those assets, you have to be able to pass unclassified information to foreign governments, and/or tip your hand to on-going investigations or collection against a group. You don't always want to do that because it could jeopardize your sources and methods of intelligence collection.

Answer 4

The point is that the executive order from the President freezes people's assets who *he* considers to be a terrorist. In other words, according to our regular system of justice, these people are not terrorists. That is why they don't regularly go around freezing people's assets. Now they can, but the president will likely use his power sparingly, going after non-citizens at first and hope the press wont' catch on.

Answer 5

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Answer 6

whose a terrorist?

you are, no more money for you

how do you feel?





most of the money flows through banks outside of the government control