November 22, 2002

US Cracks Down on Suspected Terrorist Financing

US authorities raided individuals and organizations related to terrorists' financial networks on Wednesday in a crackdown on terrorists and added 62 names to a list of entities whose assets would be frozen, the White House said on Wednesday.

"Treasury and Customs agents delivered blocking orders and began securing evidence at several locations across the United States and evidence is being secured as a result of these raids," White House spokesman Ari Fleischer said.

Warrants were executed in Washington, Boston, Minneapolis and Seattle on Wednesday, local press reports said.

The spokesman said the US Treasury Department had added 62 names to the list of people and organizations whose assets will be frozen, including nine organizations and two individuals operating in the US.

President George W. Bush was expected to make a visit to the "Financial Crime Enforcement Network" of the US Treasury Department's later Wednesday to announce steps to crack down on terrorists' financial networks.

"The president will announce additional actions in the financial war against the terrorists," Fleischer said.

(Xinhua News Agency November 7, 2001)

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