US imposes sanctions on Iraq-based money exchange for Daesh ties

A vendor inspects Iranian rials at a currency exchange shop in Baghdad, Iraq August 8, 2018. (Reuters)
Updated 17 October 2018
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US imposes sanctions on Iraq-based money exchange for Daesh ties

  • The Treasury action followed a Pentagon decision on Oct. 11 targeting a financial group supporting Daesh

WASHINGTON: The US Treasury imposed sanctions on Wednesday on an Iraq-based money services business, Afaq Dubai, believed to be moving funds for the Daesh militant group.
The Treasury’s Office of Foreign Assets Control added Afaq Dubai to its list of specially designated global terrorists for “assisting in, sponsoring or providing financial, material or technical support” for the Daesh group, the department said in a statement.
The Treasury action followed a Pentagon decision on Oct. 11 targeting a financial group supporting Daesh. The Treasury said the moves are part of a broader US effort to target a network of money services businesses that enable Daesh to carry out operations across the Middle East.
In September, the Treasury took action against Daesh financial facilitators with ties in the Caribbean and the Middle East. It took action against a money exchange group in Syria in December 2016.
The Treasury said Afaq Dubai is located in Iraq and does not have branches in the United Arab Emirates, despite its name. Afaq Dubai is run by two Daesh financiers and as of early 2018 was laundering money for the group and providing money for families in the group, the Treasury said.


Yemeni army advance west of Taiz in operation to cut off Houthi militia supply routes

Updated 22 min 47 sec ago
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Yemeni army advance west of Taiz in operation to cut off Houthi militia supply routes

Yemen’s national army on Sunday advanced west of Taiz on the second day of a military operation to cut off Houthi militia supply routes.

A Yemeni military source that said heavy clashes with the militia killed several of their commanders during the operation, the Saudi Press Agency reported.

The source added that the militia fired five rocket-propelled grenades from its positions in Mount Al-Barqa on civilian homes however no casualties were reported.

The Yemeni army forces also thwarted an attempt by the Houthi militia to recover their positions in western Taiz.

A field source reported that groups of the militia tried to sneak into the old airport and Wata Al-Khazan, west of the city.

Clashes broke out between the two sides following the attempt, which leading to several losses on the Houthi side, causing the militia to flee.