These procedures must enable the financial institutions to monitor for and report transactions that appear to involve the proceeds of foreign corruption . Freezing Assets Executive Order ( E.O . ) 13224 blocks all property and interests in property of foreign persons and entities designated by the President in the Order , or designated by the Secretary of State as committing , or posing a significant risk of committing , acts of terrorism , threatening the U.S. national security , foreign policy , or economy , if that property is either within the U.S. or within the possession or control of U.S. persons .