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
0

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.


Sudan president Bashir to visit Qatar

Updated 25 min 30 sec ago
0

Sudan president Bashir to visit Qatar

Sudan's president Omar Al-Bashir will arrive in Qatar on Tuesday, Qatar's state news agency reported.
It added that Al-Bashir would meet Qatar's Emir on Wednesday to discuss matters of common interest.

Sudan has been rocked by antigovernment protests calling for Al-Bashir to stand down. 

More to follow ...