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ID-81-01 1 (1980-11-14)

handle is hein.gao/gaobabbfk0001 and id is 1 raw text is: BY THE-,OMPTROLLER GENERAL ,,Report To The Congress OF THE UNITED STATES Treasury Should Keep Better Track Of Blocked Foreign Assets The Treasury Department, under emergency legislation, blocks the assets of designated countries hostile to the United States to pre- vent these countries from earning dollar foreign exchange and from using the assets until politi- cal differences are resolved and American 113761 claims settled. The Office of Foreign Assets Control regulates the blockings but relies almost entirely on pri- vate financial institutions to carry them out. It does not routinely determine what assets are blocked nor how custodians account for them and preserve their value on behalf of American claimants, Such determinations are excep- tional, as is the President's order to take a cen- sus of Iranian assets and U.S. claims against Iran. In addition, not enough attention has been given to protecting U.S. Government interests affected by the blockings. VD S24 0 I D-81. o NOVEMBER 14,1980

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