US freezing assets of Iraq-based insurgent group

AP News
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Posted: Dec 22, 2009 3:58 PM

The Treasury Department is freezing the assets of an Iraq-based insurgent group that has conducted or supported violent raids against U.S. and coalition forces.

The department said Tuesday that since April, the group, Jaysh Rijal al-Tariq al-Naqshabandi, has launched attacks using armor-penetrating grenades, rockets, and improvised explosive devices. It also said the group intended to overthrow the government of Iraq and reinstate the Baath Party that controlled the country during Saddam Hussein's rule.

The Treasury action is based on an executive order targeting insurgent and militia groups and their supporters. Any assets the group may have under U.S. jurisdiction are frozen.