Office of Foreign Assets (OFAC)
 
May 14, 2002
 

The Bush Administration has ordered banks to block the assets of one organization and seven individuals it believes support the Basque Fatherland and Liberty, a separatist group that has launched terror attacks in Spain. Treasury Secretary Paul O’Neill said the European Union (EU) is also moving to block 18 entities in a similar fashion. Treasury said the eight entities on its list also were on the EU list, along with eight others whose assets have previously been ordered blocked in the US. The list of entities, whose assets must be blocked immediately, are available at http://www.treas.gov/ofac/bulletin.txt.