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

[SocalDinar]

 

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 43 sec ago

REUTERS

October 17, 201815:02

81

 

 

 

 

 

 

• 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.

 

http://www.arabnews.com/node/1389636/middle-east

[Butifldrm]

 

2018/10/17 23:10

• Number of readings 28
• Section: Iraq
• 
• 
•  
•  

Washington imposes sanctions on Iraqi money transfer company

 

 

BAGHDAD (Reuters) - The US Treasury Department on Wednesday (October 17th, 2018) imposed sanctions on an Iraqi money transfer company accused of providing financial support for an al-Qaeda organization.

"The Dubai-based company, based in Iraq, has no branch in the UAE, as the name suggests, and has been classified as a terrorist entity," the Treasury said in a statement.

"The company is accused of providing financial, material and technological assistance to terrorists."

"We are targeting this network in agreement with the Ministry of Defense to eliminate the possibility of money laundering and the transfer of illegal funds," Assistant Treasury Secretary Segal Mandeliker said in a statement.

 

Follow the obelisk - agencies

http://almasalah.com/ar/news/153380/واشنطن-تفرض-عقوبات-على-شركة-عراقية-لتحويل-الأموال

 

 

[ChuckFinley]

Thanks SD. Keep putting the squeeze.

[yota691]

Washington imposes sanctions on Iraqi company

 

 Twilight News    
 15 hours ago

The US Treasury Department on Wednesday imposed sanctions on an Iraqi money-transfer company accused of providing financial support to an al-Qaeda organization.

The company, dubbed Dubai Horizons, is based in Iraq and has no branch in the UAE, as the name suggests, and has been classified as a "terrorist" entity, according to a Treasury statement.

The company is accused of providing "financial, material and technological assistance" to the organization.

"The company is part of a complex network of institutions including financial services providers, remittances and others in the Middle East," the ministry said.

"We are targeting this network in agreement with the Ministry of Defense to eliminate the possibility of money laundering and the transfer of illegal funds," said Assistant Secretary of Treasury for Counterterrorism Sigal Mandelker.

Keywords: 

[yota691]

The US Treasury is imposing sanctions on Dubai's "Dubai Horizons" exchange on suspicion of links to Badash

Readers

 

 

The US Treasury is imposing sanctions on Dubai's "Dubai Horizons" exchange on suspicion of links to Badash

 

18-10-2018 01:29 PM

 

The Euphrates -

 

BAGHDAD (Reuters) - The US Treasury Department announced sanctions on Iraq-based Dubai-based money-changer Dubai, on suspicion of links to a terrorist group, Reuters reported.

[yota691]

US Treasury Charges Sanctions on Iraqi Company

Release Date: 2018/10/19 13:00 • 90 times read

[Ayna - Follow-up] 
The US Treasury Department has imposed sanctions on an Iraqi money transfer company accused of providing financial support to an al-Qaeda organization

The company, dubbed "Dubai Horizons" based in Iraq and has no branch in the UAE, contrary to what may suggest the name, and was classified as a [terrorist] entity, according to a statement by the Treasury. 
The company is accused of providing "financial, material and technological assistance" to terrorists. 
"The company is part of a complex network of institutions including financial services providers, remittances and others in the Middle East," the ministry said. 
"We are targeting this network in agreement with the Ministry of Defense to eliminate the possibility of money laundering and the transfer of illegal funds," said Assistant Treasury Secretary in charge of counterterrorism Sigal Mandelker. 
The move comes after a Pentagon decision on Oct. 11 aimed at a financial group that supports a supporter.
The Treasury Department said the steps were part of a broader US effort to target a network of financial services firms that would be able to launch operations in the Middle East. 
Last September, the Treasury Department took action against financial lenders linked to the Caribbean and the Middle East, and the Ministry took action against a money exchange group in Syria in December 2016. 
The Treasury said two funders have been running [Dubai Horizons] since early 2018 The company works to launder money to organize and provide money to families in it.

[Butifldrm]

The US Treasury is imposing sanctions on an Iraqi money transfer company

 

 

US Treasury Building

52 minutes ago

18496 views

+ -

Digital Media NRT

The US Treasury Department has imposed sanctions on an Iraqi money transfer company accused of providing financial support for the organization.

"The company is part of a complex network of institutions including financial services providers, remittances and others in the Middle East," the ministry said in a statement on October 19, 2018.

"We are targeting this network in agreement with the Ministry of Defense to eliminate the possibility of money laundering and the transfer of illegal funds," said Assistant Treasury Secretary in charge of counterterrorism Sigal Mandelker.

The move comes after a Pentagon decision on October 11 aimed at a financial group that supports Dahesh.

The Treasury Department said the steps were part of a broader US effort to target a network of financial services firms that would be able to launch operations in the Middle East .

Last September, the Treasury Department took action against providers of financial facilities linked to the Caribbean and the Middle East, and the Ministry took action against a money exchange group in Syria in December 2016 .

The company, dubbed Dubai Horizons, is based in Iraq and has no branch in the UAE, as the name suggests, and has been classified as a "terrorist" entity, according to a US Treasury Department statement.

http://www.nrttv.com/AR/News.aspx?id=5596&MapID=2

[Laid Back]

UST and CBI are Tightening the control on money transfer companies in Iraq AML/CFT.

 

 

[southbeach]

UST controlling IQD from beginning to end.  Gotta love that.

[Officiallytook]

This is beyond good i was waiting to see how long it would taken them to do this... Getting close

[yota691]

US Treasury Charges Sanctions on Iraqi Company

Date of release: 2018/10/19 13:00 • 384 times read

[Ayna - Follow-up] 
The US Treasury Department has imposed sanctions on an Iraqi money transfer company accused of providing financial support to an al-Qaeda organization

The company, dubbed "Dubai Horizons" based in Iraq and has no branch in the UAE, contrary to what may suggest the name, and was classified as a [terrorist] entity, according to a statement by the Treasury. 
The company is accused of providing "financial, material and technological assistance" to terrorists. 
"The company is part of a complex network of institutions including financial services providers, remittances and others in the Middle East," the ministry said. 
"We are targeting this network in agreement with the Ministry of Defense to eliminate the possibility of money laundering and the transfer of illegal funds," said Assistant Treasury Secretary in charge of counterterrorism Sigal Mandelker. 
The move comes after a Pentagon decision on Oct. 11 aimed at a financial group that supports a supporter.
The Treasury Department said the steps were part of a broader US effort to target a network of financial services firms that would be able to launch operations in the Middle East. 
Last September, the Treasury Department took action against financial lenders linked to the Caribbean and the Middle East, and the Ministry took action against a money exchange group in Syria in December 2016. 
The Treasury said two funders have been running [Dubai Horizons] since early 2018 The company works to launder money to organize and provide money to families in it.