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Home >> World
UPDATED: 08:54, August 30, 2006
U.S. blocks assets of Islamic group accused of financing Hezbollah
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The United States on Tuesday blocked assets of a Lebanese organization financially for allegedly funneling money to bankroll Hezbollah's terror.

The U.S. Treasury Department said any U.S. assets held by the Islamic Resistance Support Organization (IRSO) will be frozen, and any transactions with the outfit by U.S. citizens will be banned.

Washington calls Hezbollah, based in Lebanon, a terrorist group suspected to have been involved in attacks around the world.

"While some terrorist-supporting charities try to obscure their support for violence, IRSO makes no attempt to hide its true colors," said Stuart Levey, the Treasury's undersecretary for terrorism and financial intelligence.

"IRSO's fundraising materials present donors with the option of sending funds to equip Hezbollah fighters or to purchase rockets that Hezbollah uses to target civilian populations," he said.

"IRSO works to inflict suffering rather than alleviate it."

Source: Xinhua


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