Terrorist tracking center gets cracking

Terrorist tracking center gets cracking

The foreign terrorist asset tracking center at the Treasury Department is up and running, Treasury Secretary Paul O'Neill said today.

The center identifies and investigates the financial infrastructure of international terrorist networks.

President George W. Bush today signed an executive order that freezes U.S. assets of 27 entities, including what he called terrorist organizations and individual terrorist leaders.

'With the signing of this executive order, we have the President's explicit directive to block the U.S. assets of any domestic or foreign financial institution that refuses to cooperate with us in blocking assets of terrorist organizations,' O'Neill said.

The center is working with government agencies and industrialized nations to stamp out financial networks that fund terrorism, he said.

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