President George W. Bush has announced sweeping powers to freeze the assets of international terrori...
President George W. Bush has announced sweeping powers to freeze the assets of international terrorists, declaring he was launching "a strike on the financial foundation of the global terror network", reports this morning's FT. US officials will freeze the assets and transactions of foreign banks that fail to co-operate in Washington's campaign to track down and seize the finances of terrorists linked to Osama bin Laden, prime suspect in September 11's attacks on the US. Describing the new powers as "draconian", Bush warned that international financial institutions now faced the same...
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