Designations are an important resource in TFI's prosecution of the war on financial terror.
With them, TFI is able to freeze the assets of individuals and groups who seek out to commit
terrorist acts, as well as those entities who attempt to support them. When examining
individuals or organizations for potential designation, the United States works in conjunction
with authorities from several other nations, and with international organizations, such as the
European Union and the United Nations.
One of the primary designation tools available to TFI is Executive Order 13224 (E.O. 13224),
which was signed by the president on September 23, 2001. Under E.O. 13224, individuals and
entities can be designated if they meet one of five sets of criteria, summarized below:
- foreign individuals or entities listed in the Annex to E.O. 13224 (E.O. 13224, 1(a));
-
foreign individuals or entities that "have committed or…pose a significant risk of
committing acts of terrorism that threaten the security of U.S. nationals or the
national security, foreign policy, or economy" of the United States (E.O. 13224, 1(b));
-
individuals or entities that either are "owned or controlled by" or "act for or on
behalf of" those parties already designated under sub-sections 1(a), 1(b), 1(c),
or 1(d)(i) of E.O. 13224 (E.O. 13224, 1(c));
-
individuals or entities that "assist in, sponsor, or provide financial, material, or
technological support for, or financial or other services to or in support of" such
acts of terrorism or those parties already designated under E.O. 13224 (E.O. 13224,
1(d)(i));
-
individuals or entities that are "otherwise associated" with those parties already
designated under sub-sections 1(a), 1(b), 1(c), or 1(d)(i), of E.O. 13224 (E.O. 1
3224, 1(d)(ii)).
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