President Issues Executive Order Blocking Assets of Entities Involved in WMD Proliferation Activities
President Bush issued an Executive Order on June 29, 2005 to freeze the assets of individuals or companies that are doing business with entities in Iran, North Korea and Syria believed to be involved in the proliferation of weapons of mass destruction (WMD).
The WMD Proliferation Financing Executive Order designates eight organizations as being responsible for WMD and missile programs, freezes their U.S. assets, and prohibits U.S. citizens or companies from engaging in transactions with them. The Executive Order also authorizes the Secretary of State and the Secretary of the Treasury to designate additional WMD proliferators and persons that provide support or services to those entities.
The text of the WMD Proliferation Financing Executive Order can be found on the White House's Web site at:
www.whitehouse.gov/news/releases/2005/06/20050629.html.
The complete list of the eight organizations named in the annex to the Executive Order can be found at OFAC's website:
www.treas.gov/offices/enforcement/ofac/actions/20050629.shtml.
|posted by Douglas N. Jacobson| Permalink 
