For Immediate Release
April 19, 2004
Recovering Iraqi Assets
Iraq Fact of the Day
The international community is recovering assets stolen by Saddam Hussein's regime and transferring these to the Development Fund for Iraq. Nearly $6 billion in assets have been frozen worldwide, and more than $2.5 billion have been transferred from the United States and our international partners for the benefit of the Iraqi people. The U.S. Treasury Department last week designated eight front companies and five individuals of the former Iraqi regime, clearing the way for UN member states to identify, freeze and transfer these stolen assets to the DFI. These recovered assets will be used to help build a free, democratic, and prosperous Iraq.
Source: U.S. Department of Treasury