Sanctions Approved For Support To Terrorists

Tuesday, October 2nd 2007, 1:17 pm

By: News On 6

WASHINGTON (AP) Companies that violate prohibitions on business with countries such as Iran and Sudan will face increased penalties under legislation passed by Congress Tuesday and sent to the president for his signature.

Under the bill, civil fines for ignoring economic and financial sanctions imposed on countries or terrorist organizations designated by the president as security threats would go from the current $50,000 to $250,000 or twice the amount of the transaction.

Criminal penalties for willful violations of sanctions could be as much as $1 million with jail terms up to 20 years.

``Let Congress' support of this bill serve notice to the patrons of terrorism and supporters of genocide: we will bring you to justice and choke off your financing, from Khartoum to Tehran,'' said Sen. Chris Dodd, D-Conn., sponsor of the bill. The House passed it by voice vote Tuesday. The Senate passed the legislation in June.