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 MEDIA ADVISORY U.S. Treasury to Designate Al-Aqsa International Foundation As Financier of Terror Charity Linked to Funding of the Hamas terrorist organization


5/29/2003

FROM THE OFFICE OF PUBLIC AFFAIRS

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This afternoon, the Treasury Department will announce the designation of the Al-Aqsa Foundation as a Specially Designated Global Terrorist (SDGT) entity under Executive Order 13224.  The designation by Treasury�s Office of Foreign Assets Control (OFAC) requires that all assets of the Al-Aqsa Foundation be blocked and transactions with the organization prohibited.  More details to follow in a separate release.

Juan Zarate, Deputy Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes and Director of Treasury�s Executive Office for Terrorist Financing and Financial Crimes and Richard Newcomb, Director of the Office of Foreign Assets Control (OFAC) will provide a pen and pad briefing this afternoon at 2:00 PM.

WHAT: Briefing on the Designation of the Al-Aqsa Foundation
WHEN:  2:00 PM
WHERE:  Room 4312, Main Treasury Building
PARTICIPANTS: Juan Zarate, DAS Terrorist Financing and Financial Crimes
  Richard Newcomb, Director of OFAC
COVERAGE: Pen and Pad Only

Media without Treasury or White House press credentials planning to attend should contact Frances Anderson at Treasury's Office of Public Affairs at (202) 622-2960 or e-mail frances.anderson@treasury.gov  as soon as possible with the following information: name, social security number and date of birth. This information may also be faxed to (202) 622-1999.

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