Progress in Financial Fight Against Terror
The Rose Garden
The White House
December 4, 2001
10:58 A.M. EST
Good morning. Today we take another important step in the financial fight against
terror. From the beginning of this fight I have said our enemies are terrorist
networks of global reach; and all who harbor them and support them are our enemies
as well. We began with Al Qaeda and the Taliban. We identified some of Al Qaeda's
financial backers and we moved against their accounts.
In November, we advanced further and identified 22 more global terrorist organizations.
And now we are moving against their financing as well.
At midnight yesterday the Treasury Department froze the assets and accounts
of the Holy Land Foundation in Richardson, Texas, whose money is used to support
the Hamas terror organization.
Earlier today, federal agents secured the offices and records of the Holy Land
Foundation in Texas, California, New Jersey and Illinois as a part of an ongoing
investigation. At the same time, we have blocked the accounts of an Hamas-linked
bank, an Hamas-linked holding company based in the West Bank.
The message is this: Those who do business with terror will do no business with
the United States or anywhere else the United States can reach.
Hamas is an extremist group that calls for the total destruction of the State
of Israel. It is one of the deadliest terrorist organizations in the world today.
Hamas openly claimed responsibility for this past weekend's suicide attacks
in Israel that killed 25 innocent people, many of them teenagers, and wounded
almost 200 other people. Hamas is guilty of hundreds of other deaths over the
years; and just in the past 12 months have killed two Americans. And today we
Hamas has obtained much of the money that it pays for murder abroad right here
in the United States, money originally raised by the Holy Land Foundation. The
Holy Land Foundation is registered with the IRS as a tax-exempt charity based
in Richardson. It raised $13 million from people in America last year. The Holy
Land Foundation claims that the money it solicits goes to care for needy Palestinians
in the West Bank and Gaza. Money raised by the Holy Land Foundation is used
by Hamas to support schools and indoctrinate children to grow up into suicide
bombers. Money raised by the Holy Land Foundation is also used by Hamas to recruit
suicide bombers and to support their families.
America has called on other nations to suppress the financing of terror. Today
we take further steps to suppress it inside our borders. I am confident that
most of the donors to the Holy Land Foundation, and perhaps even some of the
individuals who are associated with the Foundation, had no idea how its money
was being used. They wanted to relive suffering in the region of the world that
has suffered too much. But the facts are clear, the terrorists benefit from
the Holy Land Foundation. And we're not going to allow it. Our action today
is another step in the war on terrorism. It's not the final step. There are
more terrorist networks of global reach, and more front groups who use deceit
to support them. The net is closing. Today it just got tighter. And now, it's
my honor to welcome to the podium the Secretary of the Treasury, Paul O'Neill.