Monday, November 29, 2004
Efforts to freeze terror funds unsuccessful
From The Jerusalem Post:
In a panel discussion for reporters, Rachel Ehrenfeld, director of the American Center for Democracy and the Center for the Study of Corruption and the Rule of Law, said European Union officials have repeatedly shied away from defining what terrorism is. Therefore, efforts to crack down on terror-financing activities are thwarted from the start, she said. Political rivalries, particularly European resentment of US-led initiatives, are also impeding efforts, she added.
As such, only $211 million of terrorist-related assets, out of billions, have been frozen in the three years since the September 11, 2001, attacks, Ehrenfeld said.