Measure to Target Assets of Anyone Tied to Suspect Firms
Monday, June 27, 2005; A01
The Bush administration is planning new measures that would target the U.S. assets of anyone conducting business with a handful of Iranian, North Korean and Syrian companies believed by Washington to be involved in weapons programs, administration officials said yesterday.
The latest action is outlined in a draft executive order administration officials are hoping President Bush will sign before attending the Group of Eight summit in Gleneagles, Scotland, on July 2. Officials who agreed to discuss the details only on the condition of anonymity said the order's success would rely heavily on U.S. intelligence and that it is modeled in part on measures the government took against al Qaeda's finances shortly after the terrorist strikes of Sept. 11, 2001.
According to an internal government memo, it would provide a new tool in the efforts to stop trafficking in weapons of mass destruction "by authorizing the blocking or 'freezing' of assets of WMD proliferators and their supporters, and thereby prohibiting U.S. persons from engaging in transactions with them."
The effort would begin by targeting just eight entities, seven of which are suspected of working on missile programs, and not on chemical, biological or nuclear weapons. According to a government list obtained by The Washington Post, three companies identified are North Korean; four are Iranian, including the country's energy department; and one is a Syrian government research facility. Three of the eight companies have been targeted previously by U.S. sanctions as have most Iranian government agencies. None is subject to any international sanctions, and the entities freely conduct business with companies around the world.
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http://www.washingtonpost.com/wp-dyn/content/article/2005/06/26/AR2005062601336.html