US identifies 'aliases' of blacklisted groups

THE Bush administration on Wednesday accused two blacklisted Pakistan-based groups of operating under "new aliases" to try to skirt financial sanctions, reports the Fox News. The Treasury Department identified numerous alleged aliases for Al-Rashid Trust and Al-Akhtar Trust International, two groups the United States has previously accused of providing support to Al-Qaeda. Al-Rashid was designated in September 2001 and Al-Akhtar was put on the blacklist in October 2003. That action meant that any assets found in the United States were frozen and Americans were barred from making donations or otherwise doing business with the groups. The department alleged that Al-Rashid is now operating under other names, including Al-Amin Welfare Trust and Al-Ameen Trust, while Al-Akhtar is using other names, including Pakistan Relief Foundation and Azmat Pakistan Trust. "We are very concerned about designated entities reconstituting themselves under new names in attempts to circumvent sanctions and continue funnelling money to terrorist activities," said Adam Szubin, Director of the Treasury's Office of Foreign Assets Control, which oversees the United States' financial sanctions programs. "OFAC will continue to put the public on notice when we find that a designated entity is trying to operate under the cloak of a new alias," he said.

ePaper - Nawaiwaqt