The Bush administration ordered U.S. banks on Thursday to freeze any assets found in the United States belonging to a foreign man and his two companies that the government believes helped finance the Islamic militant group Hezbollah. The Treasury Department alleged that Assad Ahmad Barakat, currently in a Paraguay prison for tax evasion, has served as a treasurer of Hezbollah, which the United States has branded a terrorist organization. The government said Barakat, whose place of birth was listed as Lebanon, “has worked closely with numerous Islamic extremists and suspected Hezbollah associates in South America’s tri-border area made up of Brazil, Paraguay and Argentina.” Full Story
About OODA Analyst
OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.