Blocking Property of Additional Persons in Connection With the National Emergency With Respect to Syria

2008-02-15Executive Order 13460
Signed by: George W. Bush
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Headline: Blocks Property of Corrupt Syrian Officials and Supporters

What it does: Agencies must block and freeze property of persons tied to Syrian government corruption and enforce prohibitions on transactions and donations.

Real World Impact:
  • Freezes assets of designated Syrian officials and their associates within U.S. jurisdiction.
  • Bars U.S. persons from sending or receiving funds, goods, or services with designated individuals or entities.
  • Requires federal agencies to implement rules and enforce the sanctions under IEEPA.
Topics: economic sanctions, corruption, Syria, government enforcement

Summary

This order blocks and freezes property in the United States and property controlled by U.S. persons of people tied to public corruption involving senior Syrian officials. It bars transfers, payments, exports, withdrawals, and donations to or from those designated.

The Secretary of the Treasury, after consulting the Secretary of State, will identify affected individuals and entities and may issue rules under IEEPA; all federal agencies are directed to take appropriate steps to implement the order.

The goal is to stop misuse of Syrian public assets and to prevent actions that undermine stabilization efforts in Iraq.

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